CYS Investments Inc. (CYS) Reaches New 1-Year High at $9.21
CYS Investments Inc. (NYSE:CYS) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $9.21 and last traded at $9.15, with a volume of 577,219 shares trading hands. The stock had previously closed at $9.08.
CYS has been the subject of a number of recent analyst reports. Wunderlich restated a “buy” rating and set a $9.00 price target (up from $8.00) on shares of CYS Investments in a report on Monday, April 18th. Barclays PLC upped their price target 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. TheStreet upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.56.
The firm has a market capitalization of $1.39 billion and a PE ratio of 10.43. The stock has a 50-day moving average of $8.54 and a 200-day moving average of $8.02.
CYS Investments (NYSE:CYS) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. During the same quarter last year, the business earned $0.27 earnings per share. On average, equities research analysts expect that CYS Investments Inc. will post $1.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 20th. This represents a $1.00 annualized dividend and a yield of 10.93%.
An institutional investor recently raised its position in CYS Investments stock. Rhumbline Advisers boosted its position in shares of CYS Investments Inc. (NYSE:CYS) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,558 shares of the real estate investment trust’s stock after buying an additional 8,640 shares during the period. Rhumbline Advisers owned 0.14% of CYS Investments worth $1,573,000 as of its most recent filing with the SEC.
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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