Tower Research Capital LLC TRC Invests $164,000 in CYS Investments Inc. (CYS)
Tower Research Capital LLC TRC acquired a new position in CYS Investments Inc. (NYSE:CYS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,518 shares of the real estate investment trust’s stock, valued at approximately $164,000.
A number of other large investors have also added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in CYS Investments by 22.6% in the first quarter. Aperio Group LLC now owns 202,930 shares of the real estate investment trust’s stock valued at $1,652,000 after buying an additional 37,472 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of CYS Investments by 0.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 133,590 shares of the real estate investment trust’s stock worth $1,087,000 after buying an additional 1,100 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of CYS Investments by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 506,779 shares of the real estate investment trust’s stock worth $4,125,000 after buying an additional 4,635 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of CYS Investments by 18.9% in the first quarter. Stratos Wealth Partners LTD. now owns 21,578 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 3,428 shares in the last quarter. Finally, Menta Capital LLC acquired a new position in shares of CYS Investments during the first quarter worth about $1,345,000. Institutional investors own 61.67% of the company’s stock.
CYS Investments Inc. (NYSE:CYS) opened at 8.35 on Thursday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 9.52 and a beta of 0.60. The firm has a 50-day moving average of $8.81 and a 200 day moving average of $8.48. CYS Investments Inc. has a 52-week low of $5.89 and a 52-week high of $9.21.
CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. CYS Investments had a net margin of 56.96% and a return on equity of 11.38%. During the same quarter last year, the firm posted $0.27 earnings per share. On average, equities research analysts forecast that CYS Investments Inc. will post $1.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.98%. The ex-dividend date of this dividend is Tuesday, September 20th. CYS Investments’s dividend payout ratio (DPR) is presently 112.36%.
CYS has been the topic of a number of analyst reports. Zacks Investment Research cut CYS Investments from a “hold” rating to a “sell” rating in a research note on Monday. TheStreet raised CYS Investments from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $9.00 price target on shares of CYS Investments in a report on Friday, September 9th. Keefe, Bruyette & Woods lifted their price target on CYS Investments from $8.65 to $9.25 and gave the stock an “outperform” rating in a report on Friday, July 29th. Finally, Nomura lifted their price target on CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.72.
About CYS Investments
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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