REIT Analyst
REITs, research analyst, bonds, long/short equity

Chimera's Fair Value: 35% Upside Potential On A High Dividend mREIT

Chimera Investment Corporation (NYSE:CIM) is worth looking into essentially for two reasons: (1) it is a hybrid mortgage REIT buying agency and non-agency bonds, which means that not many people really understand what it does, and (2) it has not published its accounts for a year, leaving many potential investors in the dark. With such opaqueness, CIM should be ripe for significant potential mispricing.

In addition, CIM's parent company, Annaly (NYSE:NLY), has recently decided to acquire Crexus (NYSE:CXS), another mortgage REIT specialized in commercial mortgages. So the question has come up as to whether it could make sense for NLY to also purchase CIM. If that were to happen, it would force a rapid...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details