Chimera Investment: New Acquisition Is Transforming This mREIT

2025-06-16 18:47:37 ET

I rate Chimera Investment Corporation (NYSE: CIM ), a Buy, for income-focused investors interested in investing in mortgage real estate investment trusts (mREIT). The distribution yield is currently 10.57%, with an ex-dividend date of June 30. The company just announced the purchase of HomeXpress Mortgage Corp., which has various strategic advantages in diversifying their income streams in mortgage credit. Wall Street saw the acquisition as a positive catalyst, increasing their recommendation to buy....

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