Chimera Investment Corp. (CIM)
NYSEReal EstateReit - MortgageSnapshot 2026-09-04
$11.64+0.61%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - MortgageSnapshot 2026-09-04
Warn: Management is running behind on a stated commitment.
Chimera keeps paying a $0.45 quarterly dividend. Earnings available for distribution were $141 million in 2025-Q4. The stock trades cheap with a PE of 7.05 versus peers at 9.56. Dividend maintenance supports steady income.
Revenue is expected to fall about 46% next year. Earnings have been mixed with recent misses. The sector faces headwinds that could pressure cash flow and dividends.
The price is about 31% below our fair value near $19. Analysts expect revenue to drop about 46%. We see value but risk from weak revenue and earnings.
Breaks if: quarterly dividend falls below $0.45 per share in FY26
Continue to pay a quarterly dividend of $0.45 per common share throughout 2026 as stated by the Board.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This is a turnaround investment thesis, focusing on CIM's ability to stabilize and improve its financial performance. The current state reflects mixed management priorities and a recent earnings miss, indicating uncertainty in the near term.
The market seems to be pricing in a stretched valuation compared to peers, with expectations that are not overly optimistic. There is a gap of 0.18 in expectations, suggesting that the market may be cautious about CIM's recovery potential.
Fundamentals are likely to remain weak in the near term, given the company's recent earnings miss and a high probability of missing future estimates. Management's focus on maintaining dividends and optimizing the portfolio may provide some support, but execution quality is fragile.
The thesis hinges on several factors, including the potential for the Federal Reserve to cut interest rates and the performance of sector peers. If CIM can maintain its dividend and improve earnings available for distribution, it may bolster investor confidence.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 3 quarters including 2026-Q1 and Q2 and a June 2026 press release. The Board has consistently declared and expects to maintain a quarterly dividend of $0.45 per share throughout 2026. This is supported by dividend declarations in Q1 and Q2 2026 and guidance statements. The trajectory is delivering as the dividend has been maintained at $0.45 per share so far this year.
“Board declares second quarter cash dividend of $0.45 per common share, consistent with first quarter 2026 dividend.”
“Board expects Chimera to maintain a quarterly dividend of $0.45 per common share for the remaining three quarters of 2026.”
Breaks if: earnings available for distribution fall below $141 million
Chimera is focusing on distributing earnings to shareholders.
Breaks if: revenue decline exceeds -46% YoY in FY26
In the next 1 to 3 years, CIM's performance will depend on its ability to navigate current challenges and improve execution. Not investment advice.