CYS Investments Inc (NYSE:CYS) declared a quarterly dividend on Friday, March 9th, Wall Street Journal reports. Stockholders of record on Thursday, March 22nd will be given a dividend of 0.22 per share by the real estate investment trust on Wednesday, April 11th. This represents a $0.88 annualized dividend and a dividend yield of 12.96%. The ex-dividend date is Wednesday, March 21st.
CYS Investments has decreased its dividend by an average of 6.9% annually over the last three years. CYS Investments has a dividend payout ratio of 94.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
Shares of CYS traded up $0.04 during mid-day trading on Friday, hitting $6.79. 1,274,559 shares of the company traded hands, compared to its average volume of 2,070,066. CYS Investments has a 1-year low of $6.25 and a 1-year high of $8.98. The company has a market cap of $1,046.44, a P/E ratio of 6.68 and a beta of 0.33.
CYS Investments (NYSE:CYS) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The company had revenue of $46.18 million for the quarter, compared to analyst estimates of $47.00 million. CYS Investments had a net margin of 64.82% and a return on equity of 13.00%. During the same quarter last year, the company earned $0.24 EPS.
CYS has been the topic of a number of recent research reports. ValuEngine lowered CYS Investments from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Compass Point upgraded CYS Investments from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CYS Investments currently has a consensus rating of “Hold” and an average target price of $8.50.
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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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