CYS Investments, Inc. (NYSE:CYS) issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $46.99 million during the quarter, compared to analysts’ expectations of $54.46 million. CYS Investments had a positive return on equity of 13.30% and a negative net margin of 2.59%. During the same period in the previous year, the company earned $0.27 earnings per share.
CYS Investments (NYSE:CYS) traded down $0.09 during mid-day trading on Friday, reaching $7.89. The company’s stock had a trading volume of 1,112,900 shares, compared to its average volume of 1,375,167. CYS Investments has a 52 week low of $7.42 and a 52 week high of $8.98. The company has a market capitalization of $1,236.20, a P/E ratio of 7.74 and a beta of 0.63.
A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.50 target price on shares of CYS Investments in a research note on Thursday, September 14th. BidaskClub raised CYS Investments from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.00.
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CYS Investments Company Profile
CYS Investments, Inc is a specialty finance company. The Company’s objective is to provide consistent returns to its investors through a combination of dividends and capital appreciation. It invests in agency residential mortgage-backed security (RMBS) collateralized by fixed rate single-family residential mortgage loans; adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period.
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