CYS Investments Inc (CYS) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 8 from a previous price target of $7 . Barclays advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on CYS Investments Inc. CYS Investments Inc was Downgraded by JMP Securities to ” Mkt Perform” on Apr 22, 2016. Company shares were Reiterated by Wunderlich on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .CYS Investments Inc was Downgraded by Ladenburg Thalmann to ” Neutral” on Apr 13, 2016.
On the company’s financial health, CYS Investments Inc reported $0.27 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.27. The company had revenue of $81.50 million for the quarter, compared to analysts expectations of $83.62 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
CYS Investments Inc closed down -0.2 points or -2.40% at $8.14 with 16,79,247 shares getting traded on Wednesday. Post opening the session at $8.34, the shares hit an intraday low of $8.08 and an intraday high of $8.41 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 20, 2015, Jeffrey Hughes (director) sold 12,365 shares at $7.58 per share price. According to the SEC, on Nov 17, 2015, Stephen P. Jonas (director) sold 74,992 shares at $7.51 per share price. On Jul 28, 2015, David A Tyson (director) sold 2,600 shares at $7.67 per share price, according to the Form-4 filing with the securities and exchange commission.
CYS Investments Inc. is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency RMBS) collateralized by fixed rate single-family residential mortgage loans (primarily 10 15 20 or 30 years) and 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 (three five seven or 10 years). It invests principally in Agency RMBS which are residential mortgage pass-through securities the principal and interest of which are guaranteed by Federal National Mortgage Association (Fannie Mae) Federal Home Loan Mortgage Corporation (Freddie Mac) or Government National Mortgage Association (Ginnie Mae). In addition to Agency RMBS the Company invests in the United States Treasuries.