CYS Investments Inc. (CYS) Sets New 1-Year High at $8.85
CYS Investments Inc. (NYSE:CYS) hit a new 52-week high on Wednesday . The company traded as high as $8.85 and last traded at $8.80, with a volume of 374,237 shares changing hands. The stock had previously closed at $8.82.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CYS Investments from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Ladenburg Thalmann lowered shares of CYS Investments from a “buy” rating to a “neutral” rating in a report on Wednesday, April 13th. Wunderlich restated a “buy” rating and issued a $9.00 price objective (up from $8.00) on shares of CYS Investments in a report on Monday, April 18th. JMP Securities lowered shares of 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. Finally, Barclays PLC raised their price objective on shares of CYS Investments from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Friday, April 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.32.
The stock has a 50-day moving average of $8.40 and a 200 day moving average of $7.92. The firm’s market cap is $1.34 billion.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 20th. This represents a $1.00 annualized dividend and a yield of 11.34%.
In other CYS Investments 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 transaction of $28,140.00. Following the completion of the sale, the director now directly owns 21,918 shares in the company, valued at $176,220.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
A number of large investors have added to or reduced their stakes in the company. Boston Partners increased 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. increased 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 increased 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 increased 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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