ClariVest Asset Management LLC Sells 1,300 Shares of CYS Investments Inc. (CYS)
ClariVest Asset Management LLC cut its position in shares of CYS Investments Inc. (NYSE:CYS) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 94,051 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. ClariVest Asset Management LLC’s holdings in CYS Investments were worth $787,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its stake in 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 during the period. Goldman Sachs Group Inc. raised its stake in CYS Investments by 181.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,618,027 shares of the real estate investment trust’s stock worth $13,170,000 after buying an additional 1,043,522 shares during the period. Creative Planning raised its stake in CYS Investments by 199.8% in the second quarter. Creative Planning now owns 16,966 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 11,307 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in 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 during the period. Finally, 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 worth $1,652,000 after buying an additional 37,472 shares during the period. Institutional investors and hedge funds own 61.67% of the company’s stock.
CYS Investments Inc. (NYSE:CYS) traded down 0.48% on Friday, reaching $8.36. The company’s stock had a trading volume of 897,636 shares. CYS Investments Inc. has a 52 week low of $5.89 and a 52 week high of $9.21. The firm has a market capitalization of $1.27 billion, a PE ratio of 9.53 and a beta of 0.60. The stock’s 50 day moving average is $8.68 and its 200-day moving average is $8.49.
CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. CYS Investments had a return on equity of 11.38% and a net margin of 56.96%. During the same period in the previous year, the company earned $0.27 earnings per share. Analysts predict that CYS Investments Inc. will post $1.87 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Thursday, September 22nd were given a $0.25 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.96%. CYS Investments’s dividend payout ratio is currently 112.36%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered CYS Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Credit Suisse Group AG restated a “sell” rating and set a $9.00 price objective on shares of CYS Investments in a research note on Friday, September 9th. TheStreet upgraded CYS Investments from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Keefe, Bruyette & Woods raised their price objective on CYS Investments from $8.65 to $9.25 and gave the company an “outperform” rating in a research note on Friday, July 29th. Finally, Nomura raised their price objective on CYS Investments from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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).
Want to see what other hedge funds are holding CYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CYS Investments Inc. (NYSE:CYS).
Receive News & Ratings for CYS Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.