Financial PerformanceWith the higher earnings estimates, there is potential for CIM to further increase the dividend, which should act as a catalyst to drive a higher price-to-book multiple.
Liability OptimizationThe biggest source of the upside comes from CIM's ability to optimize its liabilities to free up additional capital for reinvestment.
Strategic AcquisitionsThe acquisition of HomeXpress Mortgage Corp. is seen as a strategic move into the growing non-QM origination market, which caters to non-traditional borrowers.