CYS Investments (NYSE:CYS) announced its earnings results on Tuesday. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02), Bloomberg Earnings reports. CYS Investments had a positive return on equity of 13.30% and a negative net margin of 2.59%. The company had revenue of $46.18 million for the quarter, compared to analyst estimates of $47.00 million. During the same quarter in the previous year, the company posted $0.24 earnings per share.
Shares of CYS Investments (NYSE:CYS) traded up $0.06 during mid-day trading on Wednesday, hitting $6.62. 4,370,155 shares of the stock were exchanged, compared to its average volume of 2,082,466. CYS Investments has a 12 month low of $6.26 and a 12 month high of $8.98. The firm has a market capitalization of $1,010.00, a price-to-earnings ratio of -33.10 and a beta of 0.37.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.11%. CYS Investments’s payout ratio is -500.00%.
A number of equities analysts have recently issued reports on CYS shares. Compass Point upgraded shares of CYS Investments from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 6th. ValuEngine lowered shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.25.
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About CYS Investments
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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