Last $8.92 USD
Change Today -0.04 / -0.45%
Volume 1.6M
CYS On Other Exchanges
New York
As of 6:40 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

cys investments inc (CYS) Snapshot

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09/2/14 - $9.44
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12/17/13 - $7.20
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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: 02/14/14
Founded in 2006

cys investments inc (CYS) Top Compensated Officers

Chairman, Chief Executive officer, President,...
Total Annual Compensation: $750.0K
Chief Financial Officer, Vice President and T...
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. Declares Common Share Dividend for the Third Quarter of 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014

CYS Investments, Inc. declared a common dividend of $0.30 per share for the third quarter of 2014, compared to a $0.32 common dividend in the second quarter of 2014. Using the closing share price of $8.24 on September 30, 2014, the third quarter dividend equates to an annualized dividend yield of 14.6%. The company reported unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported total interest income of $77.132 million against $71.978 million in the second quarter of 2014. Net income available to common shareholders was $19.8 million or $0.12 per diluted common share, compared to net income of $153.2 million, or $0.95 per diluted common share, in the second quarter of 2014. The decrease in net income was largely attributable to a swing in net unrealized loss to $112.1 million in the third quarter of 2014 from a net unrealized gain of $157.5 million in the second quarter of 2014. Book value per common share on September 30, 2014 was $10.14, compared to $10.31 at June 30, 2014. The decrease in book value was due principally to a decline in prices of Agency RMBS during the quarter ended September 30, 2014. Net interest income was $43.7 million, down approximately $1.2 million from $44.9 million in the second quarter of 2014. Total interest income increased approximately $5.1 million due primarily to replacing U.S. Treasuries with higher yielding 30-year Agency RMBS; however, this increase was more than offset by higher swap and cap interest expense, which rose by $6.3 million in the third quarter as a result of the company's adding additional longer-dated swaps in June and July 2014. Core earnings was $32.488 million against $33.766 in the second quarter of 2014.

CYS Investments, Inc. Appoints Karen Hammond as Director

CYS Investments, Inc. announced that effective October 16, 2014, the board of directors has elected Karen Hammond as a director. Ms. Hammond, age 58, brings over 30 years of diverse experience in investment management, fixed income and mortgage banking, private equity, corporate treasury, and banking. Ms. Hammond also will serve on the Company's Audit Committee and Compensation Committee.

CYS Investments, Inc., Q3 2014 Earnings Call, Oct 21, 2014

CYS Investments, Inc., Q3 2014 Earnings Call, Oct 21, 2014


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Valuation CYS Industry Range
Price/Earnings 7.2x
Price/Sales 1.5x
Price/Book 0.9x
Price/Cash Flow 6.5x
TEV/Sales NM Not Meaningful

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