CYS Investments Inc. (CYS) Sees Unusually-High Trading Volume
CYS Investments Inc. (NYSE:CYS) shares saw unusually-strong trading volume on Friday . Approximately 874,824 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 937,244 shares.The stock last traded at $8.94 and had previously closed at $8.98.
A number of analysts recently commented on CYS shares. Zacks Investment Research upgraded CYS Investments from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Nomura lifted their price objective on CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. TheStreet upgraded CYS Investments from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Compass Point lifted their price objective on CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on CYS Investments from $8.65 to $9.25 and gave the stock an “outperform” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.56.
The firm’s 50-day moving average is $8.85 and its 200-day moving average is $8.27. The firm has a market cap of $1.35 billion and a price-to-earnings ratio of 10.16.
CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. During the same period in the prior year, the company earned $0.27 EPS. On average, equities analysts forecast that CYS Investments Inc. will post $1.87 earnings per share for the current fiscal year.
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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