CYS Investments Inc. (CYS) Hits New 12-Month High at $8.83
CYS Investments Inc. (NYSE:CYS) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.83 and last traded at $8.77, with a volume of 929,933 shares traded. The stock had previously closed at $8.66.
A number of research analysts have issued reports on the stock. JMP Securities lowered shares of 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. Barclays PLC increased their price target on shares of CYS Investments from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, April 22nd. Wunderlich reiterated a “buy” rating and set a $9.00 price target (up previously from $8.00) on shares of CYS Investments in a research report on Monday, April 18th. Zacks Investment Research lowered shares of CYS Investments from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Finally, Credit Suisse Group AG reiterated a “sell” rating and set a $7.50 price target on shares of CYS Investments in a research report on Tuesday, April 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.32.
The company’s 50-day moving average is $8.36 and its 200 day moving average is $7.87. The company’s market capitalization is $1.32 billion.
CYS Investments (NYSE:CYS) last posted its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The business earned $81.50 million during the quarter, compared to the consensus estimate of $71.75 million. During the same period last year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts expect that CYS Investments Inc. will post $1.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 13th. Stockholders of record on Wednesday, June 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.55%. The ex-dividend date was Monday, June 20th.
In other news, Director David A. Tyson sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $8.04, for a total value of $28,140.00. Following the sale, the director now owns 21,918 shares of the company’s stock, valued at $176,220.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Other hedge funds have bought and sold shares of the company. Rhumbline Advisers raised 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 during the period. California Public Employees Retirement System raised 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 during the period. First Trust Advisors LP acquired a new stake in CYS Investments during the fourth quarter valued at about $12,824,000. OppenheimerFunds Inc. raised 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 during the period. Finally, Boston Partners raised 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 during the period.
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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