CYS Investments Inc. (CYS) Reaches New 52-Week High at $8.85
CYS Investments Inc. (NYSE:CYS)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock 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.
CYS has been the topic of several recent analyst reports. Wunderlich reiterated a “buy” rating and issued a $9.00 price target (up previously from $8.00) on shares of CYS Investments in a research note on Monday, April 18th. Zacks Investment Research lowered CYS Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Ladenburg Thalmann lowered CYS Investments from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 13th. JMP Securities lowered CYS Investments from an “outperform” rating to a “market perform” rating in a research note on Friday, April 22nd. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reiterated a “sell” rating and issued a $7.50 price target on shares of CYS Investments in a research note on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.32.
The company’s market cap is $1.35 billion. The company has a 50-day moving average of $8.43 and a 200 day moving average of $7.93.
CYS Investments (NYSE:CYS) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. During the same period in the previous year, the company posted $0.27 EPS. On average, analysts anticipate that CYS Investments Inc. will post $1.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 22nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 20th. This represents a $1.00 annualized dividend and a dividend yield of 11.30%.
Several large investors recently bought and sold shares of the company. 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. California Public Employees Retirement System boosted its position 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 last quarter. Finally, OppenheimerFunds Inc. boosted its position 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 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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