First Trust Advisors LP Sells Chimera Investment Co. Shares at Defense World
June 25, 2023
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First Trust Advisors LP recently announced that it had sold Chimera Investment ($NYSE:CIM) Co. shares at Defense World. Chimera Investment Co. is a publicly traded real estate investment trust (REIT) that specializes in purchasing residential mortgage-backed securities (RMBS). The company invests in a range of securities, including mortgage-backed securities, asset-backed securities, and other investments. The company is headquartered in New York City and is listed on the New York Stock Exchange (NYSE).
The company follows a diversified investment strategy that seeks to balance risk and reward. The company has a market capitalization of over $2 billion and is an attractive investment option for investors looking for exposure to the real estate industry. As the company continues to grow and expand its portfolio, investors can expect continued strong returns from their investments in Chimera Investment Co.
Market Price
The Thursday stock market opened with Chimera’s stock priced at $5.2 and it closed at the same price, indicating a potentially promising future for the company. This small but significant increase in stock price shows that investors have faith in Chimera Investment Co. and its future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chimera Investment. More…
| Total Revenues | Net Income | Net Margin |
| -92.66 | -266.7 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chimera Investment. More…
| Operations | Investing | Financing |
| 325.72 | 509.84 | -956.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chimera Investment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.2k | 11.55k | 11.41 |
Key Ratios Snapshot
Some of the financial key ratios for Chimera Investment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale’s financial analysis of CHIMERA INVESTMENT shows a low health score of 0/10, indicating that this is not the safest investment option for riding out any potential crisis. By looking at their cashflows and debt situation, we can conclude that CHIMERA INVESTMENT is classified as ‘cow’, which pays out consistent and sustainable dividends. As a result, CHIMERA INVESTMENT may be attractive to investors who are looking for stable returns and who prioritize financial safety. CHIMERA INVESTMENT is strong in terms of asset management, dividend payments, and relatively weak in terms of growth and profitability. Investors who are risk-averse and looking for steady income may want to give CHIMERA INVESTMENT a closer look. More…
Peers
The Company’s competitors in this space include ARMOUR Residential REIT Inc, Ellington Financial Inc, and Invesco Mortgage Capital Inc.
– ARMOUR Residential REIT Inc ($NYSE:ARR)
As of 2022, the market cap for ARMOUR Residential REIT Inc is 683.16M. The company is a real estate investment trust that focuses on investing in, financing, and managing residential mortgage-backed securities.
– Ellington Financial Inc ($NYSE:EFC)
Ellington Financial Inc. is a specialty finance company that primarily originates, acquires, invests in, and manages mortgage-related assets, including residential mortgage loans, commercial mortgage loans, mortgage servicing rights, and mortgage-backed securities. The company operates through three segments: Mortgage Origination, Mortgage Servicing, and Mortgage Investments.
As of 2022, Ellington Financial Inc. had a market capitalization of 765.06 million. The company primarily originates, acquires, invests in, and manages mortgage-related assets.
– Invesco Mortgage Capital Inc ($NYSE:IVR)
Invesco Mortgage Capital Inc is a US-based real estate investment trust (REIT) that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities. The company has a market capitalization of $404.43 million as of March 2021. Invesco Mortgage Capital Inc is externally managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd.
Summary
Chimera Investment Co. (CIM) is a publicly traded real estate investment trust (REIT) that specializes in investing in a variety of mortgage-related securities, residential mortgage loans and other real estate assets. This move could be interpreted as an indication that First Trust Advisors does not have confidence in the company’s current or future performance. However, investors should take this selling into consideration when making an investing decision, and should conduct further research into the relative strength of CIM’s portfolio and its capacity to generate income and capital appreciation.
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