CYS Investments Inc. (CYS) Sets New 1-Year High at $8.83
CYS Investments Inc. (NYSE:CYS) shares reached a new 52-week high during mid-day trading on Thursday . The stock 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.
Several research analysts have issued reports on the company. JMP Securities downgraded CYS Investments from an “outperform” rating to a “market perform” rating in a report on Friday, April 22nd. They noted that the move was a valuation call. Barclays PLC upped their price objective on CYS Investments from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, April 22nd. Wunderlich reaffirmed a “buy” rating and set a $9.00 price objective (up previously from $8.00) on shares of CYS Investments in a report on Monday, April 18th. Zacks Investment Research downgraded CYS Investments from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Finally, Credit Suisse Group AG reaffirmed a “sell” rating and set a $7.50 price objective on shares of CYS Investments in a report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. CYS Investments has a consensus rating of “Hold” and a consensus price target of $8.32.
The company’s 50 day moving average price is $8.38 and its 200-day moving average price is $7.89. The stock’s market capitalization is $1.33 billion.
CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The firm earned $81.50 million during the quarter, compared to the consensus estimate of $71.75 million. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. On average, equities analysts expect that CYS Investments Inc. will post $1.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Wednesday, June 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 20th. This represents a $1.00 dividend on an annualized basis and a yield of 11.36%.
In related news, Director David A. Tyson sold 3,500 shares of CYS Investments 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 transaction, the director now directly owns 21,918 shares of the company’s stock, valued at $176,220.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Other hedge funds and institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of CYS Investments by 4.1% in the fourth quarter. Rhumbline Advisers now owns 220,558 shares of the real estate investment trust’s stock worth $1,573,000 after buying an additional 8,640 shares during the period. California Public Employees Retirement System boosted its position in shares of 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 worth $4,908,000 after buying an additional 20,800 shares during the period. OppenheimerFunds Inc. boosted its position in shares of 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 worth $24,643,000 after buying an additional 146,389 shares during the period. Finally, Boston Partners boosted its position in shares of 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 worth $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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