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Chimera Investment Corporation (CIM) Shares Soar 3.10% On Acquisition News
Generated by AI AgentAinvest Movers Radar
Thursday, Jun 12, 2025 6:18 pm ET1min read
Chimera Investment Corporation (CIM) shares surged 3.10% today, reaching their highest level since March 2025 with an intraday gain of 3.24%.
The strategy of buying shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.98%, significantly underperforming the market. This indicates that relying solely on recent price highs as a buying trigger and holding for a short duration is not a viable strategy for CIM.Chimera Investment Corporation's stock price experienced a notable increase following the announcement of its acquisition of HomeXpress Mortgage Corporation. This strategic move is aimed at expanding Chimera's footprint in the non-QM mortgage sector, which is expected to bolster the company's overall enterprise value. The acquisition involves Chimera's taxable REIT subsidiary,
Funding TRS, and will be finalized with a purchase price based on HomeXpress' adjusted book value, along with an additional premium of $120 million in cash and 2.077 million CIM shares. The deal is projected to be accretive to Chimera's earnings by 2026, with the transaction slated to close in the fourth quarter of 2025.Analysts have also weighed in on the potential impact of this acquisition, predicting a possible stock price growth of 13.39% for
. This optimistic outlook is driven by the anticipated benefits of the acquisition, which include enhanced market presence and increased earnings potential. The acquisition of HomeXpress Mortgage Corporation is seen as a strategic move that aligns with Chimera's long-term growth objectives, positioning the company for future success in the non-QM mortgage sector.
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