QUOTE AND NEWS
SeekingAlpha  Aug 21  Comment 
By Equity Watch: Interest rate volatility negatively affected book values and net spreads earned by of mortgage REITs (mREITs) in 2013. Since the beginning of 2014, treasury yields have stayed relatively stable, which have positively affected the...
Motley Fool  Jul 26  Comment 
CYS Investments' and Hatteras Financial's earnings are in, and here are three questions every investors should ask before buying.
SeekingAlpha  Jul 22  Comment 
CYS Investments, Inc. (NYSE:CYS) Q2 2014 Earnings Conference Call July 22, 2014 9:00 am ET Executives Richard E. Cleary - COO and Assistant Secretary Kevin E. Grant - Chairman, President, CEO and CIO Bill Shean - Managing Director ...
Motley Fool  Jul 22  Comment 
CYS Investments' solid sequential book value increase is a confidence booster and raises expectations, that other mortgage REITs will also be able to deliver book value growth and maintain their dividends going forward.
Benzinga  Jul 22  Comment 
In a noted released Tuesday morning, Wunderlich analyst Merrill Ross upgraded shares of CYS Investments (NYSE: CYS) from Hold to Buy and raised the price target from $9 to $11. Ross wrote, "We expect CYS to seize the moment to rebuild its...
SeekingAlpha  Jul 22  Comment 
Byinvestec: CYS Investments (NYSE:CYS) reported its second quarter's earnings on July 21, 2014 and failed to meet analyst expectations of $0.34 per share. I reiterate my neutral stance on the company because it continues to position its portfolio...
SeekingAlpha  Jul 22  Comment 
ByAlbert Alfonso: Not too much negative can be said regarding CYS Investments (NYSE:CYS) Q2 2014 results. The company had a blowout quarter, posting an impressive book value increase and maintaining its net interest income inline with previous...
TheStreet.com  Jul 21  Comment 
NEW YORK (TheStreet) -- CYS Investments shares are up 0.2% to $9.02 in after-hours trading on Monday following the release of its second quarter earnings results.The company reported earnings of $53.2 million, or 33 cents per diluted share, in...
Motley Fool  Jul 21  Comment 
With CYS Investments and Hatteras Financial reporting earning this week, here are three things every investor need to keep their eye on.
SeekingAlpha  Jul 18  Comment 
Byinvestec: CYS Investments, Inc (NYSE:CYS) is a specialty finance company that invests in residential mortgage pass through securities. Both interest payments and principal amounts are guaranteed by government-sponsored entities. I am neutral on...




 
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Cypress Sharpridge Investments (NYSE:CYS) is a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS) guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. The company was founded in 2006 and is externally managed by Cypress Sharpridge Advisors, a joint venture between private equity firm The Cypress Group and Kevin Grant's Sharpridge Capital Management. The company's initial public offering (IPO) of stock is scheduled for 12 June 2009. It plans to sell 8.5 million shares at between $11 and $13 per share. Existing investors in the company include Talon Asset Management (17.38%), Fidelity Investments (10.72%), Robeco Investment Management (7.33%) and Woodbourne Partners (5.87%).[1]

In 2008, the company had $55.5 million in investment income, down 59% from $135 million in 2009. In the same year, it made a net loss of $39.2 million, up 40.0% from the $29.7 million net loss made the previous year. In the 1st quarter of 2009, the company had $9.3 million in investment income, down 54.8% from $20.6 million in the 1st quarter of 2008. In the same quarter, it made $13.0 million in net income, up 138% from the $34.4 million net loss made in the first quarter of the previous year. As of 31 March 2009, the company's RMBS portfolio size, yield and leverage ratio was $699 million, 5.2% and 7.0 respectively.[2]

References

  1. Principal Stockholders, 2009 CYS S-11/A
  2. Selected Consolidated Financial and Other Information, 2009 CYS S-11/A
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