Dallas, Texas 01/01/2014 (FINANCIALSTRENDS) – Recently CYS Investments Inc (NYSE:CYS) declared a $0.32 dividend and it means that the annualized dividend is around $1.28 and this amounts to a yield of 17.20%. A top official and analysts from bank of America said that the CYS Investments Inc. has a possibility of an upswing from the current position and even upgraded the CYS Investments Inc. from underperform to neutral rating. As per the Bank of America personal they have got a price target of $8.50 per share for CYS Investments Inc. earlier it was around $7.50.
Some other analysts at the Maxim Group upgraded the rating of the CYS Investments Inc to buy from their earlier rating of hold. There are total seven different analysts who have maintained a hold rating and a total of 5 analysts who have maintained a buy rating on CYS Investments Inc. As the company is planning for inorganic growth it seems that there are chances of movement in the stock price value at the earliest.
Overview of CYS Investments Inc (NYSE:CYS)
CYS Investments Inc (NYSE:CYS) is a finance company that has been created with an objective of achieving consistent risk adjusted investment income. CYS Investments Inc. last posted its quarterly earnings results on Thursday that is October 17th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the earlier estimate of $0.17 by $0.06. During the same quarter in the previous year, the company posted $0.25 earnings per share.
In fact there are many industry analysts who are saying that CYS Investments Inc. belongs to oversold category of stocks. CYS Investments Inc. also invests in agency related residential mortgage backed securities that are collateralized by residential loans for different year terms such as 10 years, 20 years and 30 years. The company offers fixed rate mortgages and also pays additional coupons that generally resets on annual basis for a predetermined interest rate.