Cypress Sharpridge Investments (CYS) Declares Quarterly Dividend of $0.32
Cypress Sharpridge Investments (NYSE:CYS) announced a quarterly dividend on Friday, March 8th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.32 per share on Wednesday, April 17th. This represents a $1.28 annualized dividend and a dividend yield of 10.67%.
CYS has been the subject of a number of recent research reports. Analysts at JMP Securities downgraded shares of Cypress Sharpridge Investments from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, February 22nd. On a related note, analysts at FBR Capital cut their price target on shares of Cypress Sharpridge Investments from $14.00 to $13.00 in a research note to investors on Friday, February 22nd. They now have a “market perform” rating on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Cypress Sharpridge Investments in a research note to investors on Wednesday, February 20th. They now have a $13.00 price target on the stock.
Cypress Sharpridge Investments (CYS) traded up 0.50% on Friday, hitting $12.00. Cypress Sharpridge Investments (CYS) has a 52-week low of $11.45 and a 52-week high of $15.03. The stock’s 50-day moving average is currently $12.38. The company has a market cap of $2.099 billion and a price-to-earnings ratio of 4.52.
Cypress Sharpridge Investments last announced its earnings results on Thursday, February 7th. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. During the same quarter in the prior year, the company posted $0.46 earnings per share.
CYS Investments, Inc. is a specialty finance company created with the objective of achieving consistent risk-adjusted investment income.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.