Last $9.06 USD
Change Today +0.01 / 0.11%
Volume 3.2M
CYS On Other Exchanges
Symbol
Exchange
New York
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As of 4:15 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

cys investments inc (CYS) Snapshot

Open
$9.04
Previous Close
$9.05
Day High
$9.09
Day Low
$9.00
52 Week High
09/2/14 - $9.44
52 Week Low
03/26/14 - $8.10
Market Cap
1.5B
Average Volume 10 Days
1.7M
EPS TTM
$2.95
Shares Outstanding
161.9M
EX-Date
12/18/14
P/E TM
3.1x
Dividend
$1.20
Dividend Yield
13.69%
Current Stock Chart for CYS INVESTMENTS INC (CYS)

cys investments inc (CYS) Related Businessweek News

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cys investments inc (CYS) Details

CYS Investments, Inc., a specialty finance company, invests in residential mortgage pass-through certificates in the United States. It also focuses on investing in residential mortgage-backed securities that are issued and the principal and interest of which are guaranteed by a federally chartered corporation (Agency RMBS); collateralized mortgage obligations issued by a government agency or government-sponsored entity that are collateralized by Agency RMBS; and debt securities issued by the United States Department of Treasury or a government sponsored entity. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly known as Cypress Sharpridge Investments, Inc. and changed its name to CYS Investments, Inc. in September 2011. CYS Investments, Inc. was founded in 2006 and is based in Waltham, Massachusetts.

16 Employees
Last Reported Date: 02/17/15
Founded in 2006

cys investments inc (CYS) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $750.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $500.0K
Chief Operating Officer and Assistant Secreta...
Total Annual Compensation: $450.0K
Executive Vice President of Business Developm...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2013.

cys investments inc (CYS) Key Developments

CYS Investments, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

CYS Investments, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $83,599,000 against $77,132,000 for the previous quarter. Net interest income was $47,793,000 against $43,686,000 for the previous quarter. Net income was $111,556,000 against $24,985,000 for the previous quarter. Net income available to common stockholders was $106,353,000 against $19,782,000 for the previous quarter. Net income per common share basic & diluted was $0.66 against $0.12 for the previous quarter. The increase in net income available to common stockholders was largely attributable to a swing in net gain on investments to $141.4 million in the fourth quarter from a net loss of $71.6 million in the third quarter. Core earnings was $37,616,000 against $32,488,000 for the previous quarter. For the year, the company reported total interest income of $317,076,000 against $331,911,000 a year ago. Net interest income was $192,439,000 against $185,651,000 a year ago. Net income was $425,609,000 against net loss of $475,782,000 a year ago. Net income available to common stockholders was $404,797,000 against net loss available to common stockholders of $491,636,000 a year ago. Net income per common share basic & diluted was $2.50 against net loss per common share basic & diluted of $2.90 a year ago. Core earnings was $37,616,000 against $32,488,000 a year ago. Core earnings was $149,013,000 against $148,882,000 a year ago. Total stockholder return on common equity of 27.06%. Book value per common share rose to $10.50 per share compared to $9.24 at December 31, 2013. The company had core earnings plus drop income of $209.7 million, or $1.29 per diluted common share ($0.92 core earnings and $0.37 drop income), compared to $243.4 million, or $1.43 per diluted common share ($0.87 core earnings and $0.56 drop income), in 2013. The year-over-year decrease in core earnings plus drop income per share was primarily the result of a smaller investment portfolio, with average total Debt Securities of $13.9 billion for the year ended December 31, 2014, compared to $17.8 billion for the year ended December 31, 2013.

CYS Investments, Inc., Q4 2014 Earnings Call, Feb 12, 2015

CYS Investments, Inc., Q4 2014 Earnings Call, Feb 12, 2015

CYS Investments, Inc. Announces Board Changes

The Board of Directors of CYS Investments, Inc. elected Dale A. Reiss as a director. Ms. Reiss will serve on the Company's Audit Committee. Ms. Reiss, brings insight from over 40 years of professional leadership and experience in organizational, financial planning and management strategies, with particular emphasis on real estate and the REIT sector. With the addition of Ms. Reiss, from January 2015 through May 2015, the Company's Board will total ten members, nine of whom are independent, effective January 16, 2015. In connection with the election of Ms. Reiss to the Board, Douglas Crocker has notified the Board that he does not intend to stand for re-election to the Board at the Company's 2015 annual stockholders meeting and will retire from the Board at the end of his current term. Mr. Crocker has confirmed to the Board that his intention not to stand for re-election does not involve any dispute or disagreement with the Company, the Company's management, or the Board.

 

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Industry Analysis

CYS

Industry Average

Valuation CYS Industry Range
Price/Earnings 3.6x
Price/Sales 3.1x
Price/Book 0.9x
Price/Cash Flow 3.4x
TEV/Sales NM Not Meaningful
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