CYS Investments Inc. (CYS) Downgraded by Zacks Investment Research to Sell
According to Zacks, “CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through securities for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. CYS Investments, Inc. has elected to be taxed as a real estate investment trust for federal income tax purposes. CYS Investments, Inc., formally known as Cypress Sharpridge Investments, Inc., is headquartered in Waltham, Massachusetts. “
Other equities research analysts have also recently issued reports about the stock. Compass Point lifted their price objective on shares of CYS Investments from $8.50 to $9.00 and gave the company a neutral rating in a research note on Tuesday, August 2nd. Nomura boosted their price target on shares of CYS Investments from $8.50 to $9.00 and gave the stock a neutral rating in a research report on Friday, July 29th. Keefe, Bruyette & Woods boosted 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. TheStreet upgraded shares of CYS Investments from a sell rating to a hold rating in a research report on Thursday, July 28th. Finally, Credit Suisse Group AG reiterated a sell rating and issued a $9.00 price target on shares of CYS Investments in a research report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $8.72.
CYS Investments (NYSE:CYS) traded up 0.060% during midday trading on Friday, hitting $8.365. 317,876 shares of the company traded hands. CYS Investments has a 12-month low of $5.89 and a 12-month high of $9.21. The company has a market cap of $1.27 billion, a PE ratio of 9.538 and a beta of 0.60. The stock has a 50 day moving average price of $8.68 and a 200-day moving average price of $8.49.
CYS Investments (NYSE:CYS) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. CYS Investments had a net margin of 56.96% and a return on equity of 11.38%. During the same quarter in the previous year, the company earned $0.27 EPS. Analysts expect that CYS Investments will post $1.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Thursday, September 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 20th. This represents a $1.00 annualized dividend and a yield of 11.96%. CYS Investments’s payout ratio is presently 112.36%.
A number of institutional investors have recently added to or reduced their stakes in CYS. Aperio Group LLC boosted its position 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. boosted its position 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 valued at $1,087,000 after buying an additional 1,100 shares during the period. TIAA CREF Investment Management LLC boosted its position 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 valued at $4,125,000 after buying an additional 4,635 shares during the period. Goldman Sachs Group Inc. boosted its position 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 valued at $13,170,000 after buying an additional 1,043,522 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in CYS Investments during the first quarter valued at $1,150,000. 61.68% of the stock is currently owned by institutional investors.
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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