Chimera Investment

  • Is it Time to Buy mREITs?

    By Rupert Hargreaves - August 6, 2013 | Tickers: AGNC, CIM, HTS

    Unless you have been living in a cave for the past half year, you will have heard that mortgage REITs, and REITs in general are not doing terribly well in the current market. As the Federal Reserve hints that it could soon begin tapering its asset purchases, the value of assets held by mREITs is in for a decline, wiping out months of asset value gains.

    Having said that …

    However more »

  • Interest Rates are Rising...Here's Your Next Move!

    By Adem Tahiri - July 11, 2013 | Tickers: NLY, CIM, GOVT, PHK, VYM

    No one, and I mean no one, has the ability to consume Wall Street quite like Ben Bernanke. After an upbeat U.S. jobs report, interest in the bearded Fed Chairman has reached a fever pitch.

    Now, more than ever, Wall Street is telling us that they're sure the end of "QE-infinity" is coming soon. Some experts are even saying that Benanke's Fed may taper its bond buying more »

  • Annaly Capital: The Good, the Bad, and the Unknown

    By Shmulik Karpf - July 9, 2013 | Tickers: AGNC, NLY, CIM

    Last week was extremely tough for mREITS in general, and Annaly Capital Management (NYSE: NLY) in particular. The 10-year Treasury yield was up another 22 basis points in Friday trading, exceeding the 2.7%.level. This equates to a jump of 8.5% in the yield. Normally, such a move can take months, if not years. But today's economy is on steroids. Everything happens at a furious pace.

    Whether more »

  • mREIT Share Prices are Falling but Do Their Dividends Fill the Gap?

    By Rupert Hargreaves - June 13, 2013 | Tickers: AGNC, NLY, CIM, TWO

    A combination of falling dividend payouts and concerns about future Federal Reserve policy have hit the shares of highly levered mortgage REITs hard in recent months.

    This selling has been compounded in the last few weeks as the yield on US government debt has started to rise back up to realistic levels, which has spurred investors to dump mREIT stocks in favor of the relatively risk free government debt.

    Having more »

  • Mortgage REITs Are Still a Sell

    By Reuben Brewer - June 13, 2013 | Tickers: MTGE, NLY, ARR, CIM

    Like many other real estate investment trusts (REITs), mortgage REITs have sold off of late. That drop, however, doesn't make them buys. Investors should still avoid ARMOUR Residential REIT (NYSE: ARR), American Capital Mortgage Investment (NASDAQ: MTGE), Chimera Investment (NYSE: CIM), and Annaly Capital Management (NYSE: NLY).

    The carry trade

    Mortgage REITs use equity and, more importantly, debt to buy mortgages. With interest rates at historically low levels, these more »

  • 5 mREITs With Attractive Yields

    By Nur Tarkak - May 30, 2013 | Tickers: NLY, CMO, CIM, HTS, TWO

    Mortgage-backed real estate investment trusts [mREITs] usually yield higher compared to other income stocks. This is due to the fact that these companies get a tax shield if their distribution of profits is at least 90%. However, income from dividends is not tax-free. Thus, investors don’t get to fully enjoy the tax-free benefit. The dividend earnings will be treated as income. Nevertheless, they are still better than having no more »

  • Billionaire Leon Cooperman’s Dividend Stock Picks

    By Meena Krishnamsetty - May 28, 2013 | Tickers: APL, CIM, KMI, KFN, LINE

    Omega Advisors was founded by Leon Cooperman in 1991 after he had headed Goldman Sachs Asset Management, with Cooperman becoming a billionaire on the strength of the fund’s performance. The fund recently filed its 13F with the SEC, disclosing many of its long equity positions as of March .We track these filings from hundreds of hedge funds as part of our work developing investment strategies; we have found, for more »

  • How to Buy a Dollar for 95 Cents

    By Shmulik Karpf - May 2, 2013 | Tickers: AGNC, NLY, CIM

    In a zero percent interest rate environment, hungry-for-yield investors are willing to look into any security which offers them an extra percentage point in dividends. Often times, they are willing to settle for a low quality company just to get the stream of dividends that it offers. Usually, this turns out to be a bad investment decision and the investor ends up regretting his hunger for dividends in the first more »

  • This mREIT Has Red Flags You Can't Ignore

    By Maxwell Fisher - March 14, 2013 | Tickers: AGNC, CIM, IVR

    It is always a red flag when a company delays the publication of its financial statements. Chimera Investment (NYSE: CIM) has not reported its results for all of 2012, and now faces a final deadline from the NYSE, or it risks delisting. This article focuses on the consequences for the company and its investors.

    Final extension from the NYSE

    Chimera announced that it has obtained a final 30-day extension for more »

  • Will These 5 REITs Maintain Their High Dividends?

    By Jordo Bivona - March 7, 2013 | Tickers: AGNC, NLY, ARR, CIM, CYS

    As much of the Fed's quantitative easing strategy, or QE3, has involved placing large amounts of capital into agency mortgage backed securities, what will happen to REITs when this round of quantitative easing ends? In this article, I will discuss why REITs, and particularly Annaly Capital (NYSE: NLY), will still produce strong dividend yields in both the short and the long run.

    While it is likely that most of more »

  • Leon Cooperman's Three Income Picks

    By Anh HOANG - March 7, 2013 | Tickers: APL, CIM, KFN

    Recently, Leon Cooperman, founder and chairman of Omega Advisors, has commented on CNBC’s Squawk Box that equities are still the best place to be in right now. He also mentioned several income stocks that he was currently bullish about, including KKR Financial (NYSE: KFN), Chimera Investment Corporation (NYSE: CIM), and Atlas Pipeline Partners (NYSE: APL). Let’s take a closer look at all three companies to determine whether or more »

  • Best REITs in Business

    By Piyush Arora - February 19, 2013 | Tickers: AGNC, NLY, AMTG, CIM

    According to recent data by the Commerce Department, new home sales in the US are at their 3-year highs, rising by 20% in 2012. Moreover, the sales of pre-owned homes stood at 4.65 million, which is at its 5-year high. In my opinion, we can see continued growth momentum in 2013, especially since the Fed decided to inject $45 billion of additional liquidity every month. Moreover investor sentiment and more »

  • What Are Hedge Funds Buying Right Now?

    By Meena Krishnamsetty - February 14, 2013 | Tickers: ARRS, CIM, JIVE, PHH, WMS

    When hedge funds or other major investors buy enough shares to give themselves 5% ownership of a company, or if they subsequently make significant changes to that position, they must file either a 13D or a 13G with the SEC. This provides a relatively recent take on what a particular fund manager thinks about a particular stock. While the nature of the 5% threshold means that we usually only see more »

  • Billionaire Leon Cooperman’s New High Dividend Pick

    By Meena Krishnamsetty - February 14, 2013 | Tickers: AGNC, NLY, CMO, CIM, MFA

    Omega Advisors, a hedge fund managed by billionaire Leon Cooperman, has reported a position of over 55 million shares in Chimera Investment Corporation (NYSE: CIM) in a 13G filed with the SEC. Omega now owns 5.4% of the outstanding shares of the $3.1 billion market cap company, which invests in mortgage backed securities (including residential MBSs) and other mortgage loans and is organized as a real estate investment more »

  • Avoid This REIT's Financial Restatement Mess

    By Jordo Bivona - December 27, 2012 | Tickers: AGNC, NLY, CMO, CIM

    Chimera Investment (NYSE: CIM) announced that as of Sept. 30, 2012 that its GAAP book value was $3.31 per share, and its economic book value was $2.95 per share. This is compared to its estimated June 30, 2012 GAAP book value of $3.08 per share and economic book value of $2.87 per share. Estimated economic book value considers the fair value of the assets the company more »

  • A Jack of All Trades With an 11% Yield

    By Chad Henage - December 19, 2012 | Tickers: NLY, CIM, HTS, IVR

    In certain businesses, it's better to have flexibility. I'll never forget Peter Lynch saying that this was one of the keys to his investing success was that his fund wasn't tied to one type of investment class. He could take good ideas from growth or value funds and invest where the best opportunity was at the time. This is the way I think of Invesco Mortgage (NYSE: IVRmore »)

  • Why This Dividend Cut Is a Good Thing

    By Chad Henage - December 19, 2012 | Tickers: NLY, CIM, HTS, IVR

    Some investors have adopted a very short-term way of thinking in today's market. I personally prefer companies that are investing in their business for the long-term rather than trying to “buy” short-term profits. This is partially why I own shares in Hatteras Financial Corp. (NYSE: HTS). Hatteras is a mortgage real estate investment trust, but the company specializes in adjustable rate loans instead of the 30 year variety that more »

  • Billionaire Paul Singer’s New Stock Picks

    By Meena Krishnamsetty - December 14, 2012 | Tickers: AGNC, CIM, NTAP, ORAN, ENL

    Paul Singer founded Elliott 35 years ago, and the fund’s success over that time- including as it has increased in size- has made him a billionaire and helped Elliott be one of the longest-tenured hedge funds still under the same management. Last month, the fund filed its 13F, disclosing many of the long equity positions it owned at the end of the third quarter of 2012. We have compared more »

  • A Look at David Tepper's Favorite Dividend Picks

    By Dr. Osman Gulseven - December 7, 2012 | Tickers: CIM, HUN, JPM, TWO, WHR

    Appaloosa Management is an employee-owned hedge fund founded by David Tepper in 1993. The New Jersey-based hedge fund employs a fundamental analysis in its investments. It invests in equity, fixed income, and hedging markets. Appaloosa had returned 30% in 2010 and has been awarded the Institutional Hedge Fund Firm of the Year in 2011. Of course there have been periods where Tepper's fund had substantial losses. The fund also more »

  • Which 6 mREITs Can You Profit From?

    By Bill Edson - December 5, 2012 | Tickers: NLY, CIM, CXS.DL, TWO

    Annaly Capital Management (NYSE: NLY), a pioneer mortgage REIT, is looking to diversify its business by offering $840 million for the remaining 88% of CreXus Investment (NYSE: CXS.DL). This bid is being made after the Federal Reserve declared relentless bond buying. The latest round of quantitative easing initiated by Fed, dubbed "QE Infinity," aims to mop up $40 billion of agency mortgage backed securities (MBS) every month and in doing more »

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