Cantor Fitzgerald Cuts Price Target on Cypress Sharpridge (CYS) Due to Increased Risks

October 17, 2011 11:55 AM EDT
Get Alerts CYS Hot Sheet
Price: $7.88 +0.25%

Rating Summary:
    4 Buy, 11 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Cantor Fitzgerald is maintaining its Buy rating on shares of Cypress Sharpridge (NYSE: CYS) while raising its price target from $13.25 to $12.75 due to increased risks.

The firm notes that the increased risks include, a refinancing wave induced by a new U.S. Government program, drying up of repo lines, a refinancing wave driven by low mortgage rates, and loss of the SEC exemption from the Investment Company Act of 1940.

Due to the company's current dividend yield and the price appreciation of shares, Cantor Fitzgerald believes that now is a good time to buy.

For more ratings news on Cypress Sharpridge click here and for the rating history of Cypress Sharpridge click here.

Shares of Cypress Sharpridge closed at $12.31 yesterday.

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