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CYS Investments' CEO Discusses Q3 2012 Results- Earnings Call TranscriptThu, Oct 18, 2012
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Cypress CEO Discusses Q3 2010 Results - Earnings Call TranscriptThu, Oct 21, 2010
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Cypress Sharpridge Investments, Inc. Q2 2010 Earnings Call TranscriptThu, Jul 22, 2010
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Cypress Sharpridge Investments, Inc Q1 2010 Earnings Call TranscriptFri, Apr 23, 2010
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Business Wire (Wed, 4:01PM)
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Business Wire (Apr 17, 2013)
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at CNBC.com (Nov 8, 2012)
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CYS vs. ETF Alternatives
Company Description
Currently, there's no company description for CYS.
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, May 23, 3:01 PM Agency MBS fail to bounce from the "massive liquidation" following Bernanke's testimony yesterday, according to CIBC's Tom Tucci. Suggestions of a tapering of Fed purchases sent Fannie Mae MBS with 3% coupons to their lowest levels of the year. "Right now it seems the only source of demand is the Fed," says BAML's Brad Scott. Unsurprisingly, pure agency mREITs like AGNC and ARR hit 52-week lows today. Annaly (NLY) - now diversified into the commercial space with the CXS purchase - outperforms. 13 Comments [Financials]
- Wednesday, May 15, 10:05 AM The mortgage REIT sector (MORT -1%) continues under pressure, today led by Western Asset Mortgage (WMC -7.6%) as its book value blew up in Q1 thanks to portfolio losses. American Capital Agency (AGNC -1.5%) - which started the downturn when it reported losses 2 weeks ago - nears a 52-week low, Armour Residential (ARR -3.1%) hits one. One trader suggests Capstead Mortgage (CMO -1.4%) with a portfolio of mostly reset ARMs the least affected by rising rates. CYS Investments (CYS -0.7%) - trading at a 10% discount to book and also owning ARMs - is attractive as well. 18 Comments [Financials, Quick Ideas]
- Monday, May 13, 12:48 PM Ben Bernanke will likely retire early next year, says CYS Investments (CYS -1.6%), presenting at JMP, with no one emerging to supplant Janet Yellen as next Fed chief. Bernanke is an open book, they say, but while Yellen is thought to be quite dovish, she may prove to be more of a pendulum. Importantly, 2 hawks are rotating onto the FOMC voting role next year - not necessarily changing policy, but certain to create "more noise." 1 Comment [Financials]
- Monday, May 6, 9:50 AM More sell-side on the mREITS (MORT): Maxim keeps a Buy with $33 PT on AGNC expecting the annual dividend to be maintained at $5/share thanks to $1.08 of undistributed taxable income in the kitty (KBW agrees). Jefferies is cautious, calling AGNC's Q1 tale an example of how even a well-run mREIT can run afoul. "Price and extension risk inherent in agency MBS (NLY, HTS, CYS, CMO, ANH, ARR, WMC) today are risks most investors underestimate." 10 Comments [Financials]
- Monday, May 6, 9:17 AM American Capital Agency (AGNC) and CYS Investments are downgraded to Hold at Nomura following AGNC's ugly Q1 (CYS also had a substantial decline in BV during Q1). Analyst Bill Carcache notes "mortgage market dynamics are increasingly volatile and unpredictable," with AGNC in double-trouble thanks to complacency about prepayment risk. AGNC +0.9%, CYS -0.7% premarket. 5 Comments [Financials]
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Friday, May 3, 7:25 AM
A check of some other mortgage REITs premarket after AGNC reported a big loss in Q1: NLY -1%, IVR -0.4%, HTS -0.7%, CYS -0.7%, MFA -0.3%, CMO -2.3%, DX -1.8%, WMC -3.3%.
3 Comments [Financials, On the Move] - Tuesday, April 23, 10:14 AM CYS Investments (CYS) launches an offering of Series B preferred stock, with early trade indicating a yield of 7.5%. With the stock trading substantially below book value, growth through issuance of common stock probably isn't the best idea at the moment. 1 Comment [Financials]
- Thursday, April 18, 11:17 PM Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. 42 Comments [Financials]
- Thursday, April 18, 12:19 PM "We see the investment environment as better than buying our own stock back," says CYS Investments (CYS +1.7%) CEO Kevin Grant on the earnings call (transcript). The company did purchase about $7.6M shares in Q1 as the stock dipped substantially below book value (where it remains, though not as far). Comment! [Financials]
- Wednesday, April 17, 4:40 PM More on CYS Investments (CYS) Q1 earnings: Net interest spread falls to 1.16% from 1.31% in Q4. NAV/share of $12.87 vs. $13.31 on Dec. 31 - company blames lower asset values due to steepening of yield curve following Feb. jobs report; notes curve has subsequently flattened and asset values are recovering. Shares +1% AH to $12, still remain 6.8% below a likely-understated NAV. (PR) 2 Comments [Financials, Earnings]
- Wednesday, April 17, 4:07 PM Cypress Sharpridge Investments (CYS): Q1 EPS of $0.32 beats by $0.02. (PR) Comment! [Earnings, Breaking News, Financials]
- Wednesday, April 17, 12:10 AM Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, CYS, EBAY, EPB, KMP, NE, SCSS, SLM, SNDK, STLD Comment! [Earnings, Breaking News]
- Tuesday, April 16, 5:35 PM Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, CYS, EBAY, EPB, KMP, NE, SCSS, SLM, SNDK, STLD Comment! [Earnings]
- Tuesday, April 9, 9:24 AM Mortgage REIT CYS gets an upgrade from Compass Point to Buy from Neutral with a reiterated price target of $13.50. Analyst Jason Stewart cites a favorable interest rate environment, a compelling share valuation, and changing investor expectations, but also notes Fed purchases will keep MBS spreads compressed thus putting a lid on ROE expansion. Shares +.7% premarket. 1 Comment [Financials]
- Friday, April 5, 10:10 AM Outperforming today (and one wonders why they aren't green) are the mortgage REITs, as the weak jobs number sends bond yields lower, and - presumably - their book values higher. NLY -0.6%, AGNC -0.8%, ARR -0.5%. CIM, CYS, and JMI just poke into positive territory. MORT -0.9%. 10 Comments [Financials]
- Friday, March 8, 6:33 PM CYS Investments (CYS) declares a Q1 dividend of $0.32/share, down from $0.40 previously. At the stock's closing price of $12, it's an annualized yield of 10.7%. Shares -2.2% AH to $11.74, an 11.8% discount to the latest stated book value of $13.31 on Dec. 31.(PR) Comment! [Financials]
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Albert Alfonso
$CYS, $MTGE, $AGNC are all cheap at these levels and are trading at large discounts to BV - View all 2 replies
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Dividend Living: I havnt seen these discounts to book value since november 2012. BV fears from rising rates are overblown just like spread fears in november -
obendezu: weak labor data pulls the s&p down and so AGNC an other stocks... but this very labor data will cause the fed to continue its QE!
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Albert Alfonso
$CYS is getting hammered for $AGNC lousy quarter... $CYS already trades at a massive discount to BV... - View all 0 replies
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Albert Alfonso
wow, of the 3 pure-play agency mREITs I follow ($CYS, $AGNC, $NLY), CYS had the best quarter... yet it trades a a 10% discount to BV... - View all 2 replies
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Kenneth Pounds: tons of perceived risk in those things remember Novastar and New Century? They powered down to zero in a blink of an eye -
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Dividend Living
$CYS reports BV decline to 12.87 from 13.31 and spread decline to 1.16 from 1.31. I was expecting spread increase. - View all 0 replies
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Albert Alfonso
$CYS is getting some love today. Caught an upgrade. Its a pure-play agency mREIT @ about a 10% discount to BV... long - View all 1 replies
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DaLatin: They cut. ARR has 3 cuts in a row. or is it 4. From 11 to 7/month. Not hedged agaist rate increases.Good thing Ben will let Yellen hike !
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Dividend Sheet
$CYS $KAR and $PNY are tomorrow's best yielding ex-dividend stocks - http://stks.co/p63S - 8 shares with 3.60% average yield $CIB $NVO - View all 0 replies
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Paul Zimbardo
The Best #REIT And Private Equity #Dividends This Week http://seekingalpha.com/a/rgwl $AGNC $AINV $CYS $MAIN $MTGE $SLRC #Dividend #Stocks - View all 0 replies
LATEST REPLIES
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Albert Alfonso
wow, of the 3 pure-play agency mREITs I follow ($CYS, $AGNC, $NLY), CYS had the best quarter... yet it trades a a 10% discount to BV... - View all 2 replies
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Kenneth Pounds: tons of perceived risk in those things remember Novastar and New Century? They powered down to zero in a blink of an eye
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Albert Alfonso
$CYS is getting some love today. Caught an upgrade. Its a pure-play agency mREIT @ about a 10% discount to BV... long - View all 1 replies
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DaLatin: They cut. ARR has 3 cuts in a row. or is it 4. From 11 to 7/month. Not hedged agaist rate increases.Good thing Ben will let Yellen hike !
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Albert Alfonso
$CYS is now up for the day, was down like 3% after they announced the new dividend... was that news 'baked in'? - View all 1 replies
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DaLatin: Yes, isn't that nice.. I was there with you in the AH.. Thanks for posting. Did agree the cut was deeper,but, still abobe 11%
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Albert Alfonso: I would have thought this news was already "baked-in" into the price... 12% discount to BV...
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DaLatin: Discount to b/v is why I grabbed,Was watching for lower price ,but, offers didn't materialize. @ 11.67 $1.20 is abobe my 11% minimum buy in
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Albert Alfonso
I was WAY to early with my $CYS buy yesterday, down 3% since then. Its down 7% since earnings. I think big money shorters maybe the cause - View all 6 replies
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Albert Alfonso: I think Q4 2012 marked the nadir for the mREITs. Q1 2013 has seen yield spreads increase.
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Kandiman: That may be true,you were strong on both of them and & both dropping sharpley. The way the dow is today they may be in the $ 30's by now. -
Todd Johnson: Hi Kandiman, I own a number of stocks - yes. My newsletter returns speak for themselves. A free article is worth the price you pay for it.
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Vash Patel
An options play on the 13% dividend yielder that won't slow down: http://bit.ly/RwXj6P $CYS - View all 7 replies
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Saibus Research
Top 5 investment ideas of the week http://bit.ly/QTc51Q $AAPL $NVO $BIP $CYS $AGNC $NLY $MTGE $S - View all 2 replies
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Pessimistic Optimist
After reading about CYS and in a holding pattern witha larger purchase of ARR, I just pulled the trigger on sizeable amount of CYS at 13.82 - View all 3 replies
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Pessimistic Optimist: Madav.. I stopped out on a tight trailer.. bought back in at .91..dollar cost averaging I have done with success.. which we are yet to seen
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Pessimistic Optimist: I tight stopped 1/3 of position.. got in at less expensive price. some of purest DCA I have accomplished, I will evaluate for results.
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Pessimistic Optimist: CYS just offered 30M on secondary.. cheaper share prices.. promote higher growth for shareholders?
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Saibus Research
CYS Investments' Sharp 14.1% Dividend Yield http://seekingalpha.com/a/epdj $CYS, $CIM, $NLY - View all 1 replies
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bh5078350@live.com
I am a REIT fan and have holdings in AGNC, REM, CYS....How will Fed Statement 6/20/12 impact reits? - View all 2 replies
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