CYS Investments Inc. (CYS) Hits New 1-Year High at $9.21
Shares of CYS Investments Inc. (NYSE:CYS) hit a new 52-week high during trading on Friday . The company traded as high as $9.21 and last traded at $9.15, with a volume of 577,219 shares changing hands. The stock had previously closed at $9.08.
A number of analysts have commented on the stock. Barclays PLC upped their target price 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. Credit Suisse Group AG reaffirmed a “sell” rating and set a $7.50 target price on shares of CYS Investments in a report on Tuesday, April 26th. JMP Securities cut 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. Keefe, Bruyette & Woods upped their price target on shares of CYS Investments from $8.65 to $9.25 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Finally, Ladenburg Thalmann lowered shares of CYS Investments from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.56.
The company has a market capitalization of $1.39 billion and a PE ratio of 10.43. The firm has a 50-day moving average price of $8.56 and a 200 day moving average price of $8.03.
CYS Investments (NYSE:CYS) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. During the same quarter last year, the firm earned $0.27 earnings per share. Equities research analysts expect that CYS Investments Inc. will post $1.87 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Wednesday, June 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend was Monday, June 20th.
An institutional investor recently raised its position in CYS Investments stock. California Public Employees Retirement System raised its position in CYS Investments Inc. (NYSE:CYS) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 688,300 shares of the real estate investment trust’s stock after buying an additional 20,800 shares during the period. California Public Employees Retirement System owned 0.44% of CYS Investments worth $4,908,000 at the end of the most recent 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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