Analyst Price Target Update on CYS Investments (NYSE:CYS)

CYS Investments (NYSE:CYS): The stock price is expected to reach $ 7.96 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $9 while the lower estimate is at $7. The standard deviation of the price stands at $0.84.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, JMP Securities, downgrades their rating on the shares of CYS Investments (NYSE:CYS). JMP Securities has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 22, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Tyson David A, director of Cys Investments, Inc., had unloaded 3,500 shares at an average price of $8.04 in a transaction dated on April 29, 2016. The total value of the transaction was worth $28,140.

CYS Investments (NYSE:CYS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.11 points or 1.32% at $8.24 with 1,144,904 shares getting traded. Post opening the session at $8.31, the shares hit an intraday low of $8.24 and an intraday high of $8.39 and the price was in this range throughout the day. The company has a market cap of $1,249 million and the number of outstanding shares have been calculated to be 151,556,560 shares. The 52-week high of CYS Investments (NYSE:CYS) is $8.71 and the 52-week low is $5.885.

CYS Investments, Inc. is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency RMBS) collateralized by fixed rate single-family residential mortgage loans (primarily 10, 15, 20 or 30 years), and adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period (three, five, seven or 10 years). It invests principally in Agency RMBS, which are residential mortgage pass-through securities, the principal and interest of which are guaranteed by Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Government National Mortgage Association (Ginnie Mae). In addition to Agency RMBS, the Company invests in the United States Treasuries.

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