UBS initiated coverage on Chimera Investment with a new price target
$CIM
Real Estate Investment Trusts
Real Estate
UBS initiated coverage of Chimera Investment with a rating of Neutral and set a new price target of $5.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/14/2025 | $15.00 | Neutral → Buy | UBS |
| 12/6/2023 | $5.50 | Neutral | UBS |
| 1/10/2022 | $11.00 → $14.00 | Underweight | Barclays |
HomeXpress Mortgage Corp. ("HomeXpress"), a leading national originator of non-QM and business-purpose residential mortgage loans, today announced that it has entered into a definitive agreement to be acquired by Chimera Investment Corporation (NYSE:CIM) ("Chimera") from certain affiliates of Seer Capital Management's credit fund business ("Seer") and certain management sellers. HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker and the experienced HomeXpress management team. "We are honored to join the Chimera organization and to advance our shared commitment to delivering innovative lending solutions to borrowers," said
Transaction Broadens Chimera's Residential Credit Platform and Expected to Be Accretive to Earnings in 2026 Chimera Investment Corporation (NYSE:CIM) ("Chimera") today announced that on June 11, 2025, it entered into a definitive agreement to acquire HomeXpress Mortgage Corp. ("HomeXpress") from certain affiliates of Seer Capital Management's credit fund business ("Seer") and certain management sellers (together with Seer, the "Sellers"). HomeXpress is a leading originator of consumer non-QM, investor business purpose, and other non-Agency mortgage loan products, as well as an originator of Agency mortgage loans with a nationwide presence across 46 states and D.C. "We are thrilled to we
Board Declares Second Quarter 2025 Dividend of $0.37 Per Share of Common Stock The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.37 per common share. The dividend is payable on July 31, 2025 to common stockholders of record on June 30, 2025. The ex-dividend date is June 30, 2025. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortga