Nomura Securities Maintains a 'Buy' on Cypress Sharpridge (CYS); Comments From Investor Day

Nomura Securities maintains a 'Buy' on Cypress Sharpridge (NYSE: CYS) price target of $13.75.

Analyst, Bill Carcache, said, "CYS held its 2012 investor day on Thursday, April 26. Overall, we walked away from the presentation feeling like CYS is a lean, 14-person operation run by a financially astute management team that remains well positioned to continue to generate mid-teens ROEs in the current environment. We are also leaving our estimates unchanged at this time. 2012E/2013E EPS at $2.03/$2.12 vs. Street at $1.97/$2.04."

For an analyst ratings summary and ratings history on Cypress Sharpridge click here. For more ratings news on Cypress Sharpridge click here.

Shares of Cypress Sharpridge closed at $13.63 yesterday.

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