CYS Investments Inc. (CYS) Trading Up 1.2%
Shares of CYS Investments Inc. (NYSE:CYS) were up 1.2% on Tuesday . The company traded as high as $8.61 and last traded at $8.60, with a volume of 887,055 shares trading hands. The stock had previously closed at $8.50.
A number of analysts recently weighed in on CYS shares. Wunderlich restated a “buy” rating and issued a $9.00 price target (up from $8.00) on shares of CYS Investments in a research note on Monday, April 18th. Zacks Investment Research downgraded CYS Investments from a “buy” rating to a “hold” rating in a research report on Friday, April 22nd. Ladenburg Thalmann downgraded CYS Investments from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 13th. JMP Securities downgraded CYS Investments from an “outperform” rating to a “market perform” rating in a research report on Friday, April 22nd. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reiterated a “sell” rating and set a $7.50 target price on shares of CYS Investments in a research report on Tuesday, April 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. CYS Investments presently has a consensus rating of “Hold” and a consensus target price of $8.32.
The stock’s 50 day moving average is $8.35 and its 200 day moving average is $7.86. The company’s market cap is $1.30 billion.
CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $81.50 million for the quarter, compared to analyst estimates of $71.75 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts anticipate that CYS Investments Inc. will post $1.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Wednesday, June 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.63%. The ex-dividend date was Monday, June 20th.
In related news, Director David A. Tyson sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $8.04, for a total value of $28,140.00. Following the sale, the director now directly owns 21,918 shares in the company, valued at approximately $176,220.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
A number of hedge funds have bought and sold shares of CYS. First Trust Advisors LP acquired a new stake in CYS Investments during the fourth quarter valued at approximately $12,824,000. Boston Partners boosted its stake in CYS Investments by 4.2% in the fourth quarter. Boston Partners now owns 3,977,530 shares of the real estate investment trust’s stock valued at $28,360,000 after buying an additional 160,519 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in CYS Investments by 4.4% in the fourth quarter. OppenheimerFunds Inc. now owns 3,456,221 shares of the real estate investment trust’s stock valued at $24,643,000 after buying an additional 146,389 shares in the last quarter. Rhumbline Advisers boosted its stake in CYS Investments by 4.1% in the fourth quarter. Rhumbline Advisers now owns 220,558 shares of the real estate investment trust’s stock valued at $1,573,000 after buying an additional 8,640 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in CYS Investments by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 688,300 shares of the real estate investment trust’s stock valued at $4,908,000 after buying an additional 20,800 shares in the last quarter.
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; 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 (approximately three, five, seven or 10 years).
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