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Deutsche Bank Reiterates Buy Rating, $13.25 PT on CYS Investments on 1Q Dividend

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In a report published Monday, Deutsche Bank reiterated its Buy rating and $13.25 price target on CYS Investments (NYSE: CYS).

Deutsche Bank noted, “The 1Q dividend was 1c below our estimate and decreased sequentially from 40c. The dividend is payable on April 17 to stockholders of record as of March 25. Given the 1Q dividend, we are trimming our 1Q core EPS estimate to 32c from 35c. We expect earnings to benefit as we move through the year from slower prepayment speeds and slightly higher reinvestment spreads. We are adjusting our 2013 core EPS and dividend estimates to $1.35 and $1.33, respectively, from $1.42 and $1.36, respectively. We are trimming our 2014 core EPS estimate slightly to $1.44 from $1.47, and we are maintaining our 2014 dividend estimate of $1.40 per share.”

CYS Investments closed on Friday at $12.00.

Latest Ratings for CYS

Feb 2015Deutsche BankMaintainsHold
Feb 2015Keefe Bruyette & WoodsMaintainsOutperform
Feb 2015Credit SuisseDowngradesNeutralUnderperform

View More Analyst Ratings for CYS
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings


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