Alliancebernstein L.P. Continues to Hold Position in CYS Investments, Inc. (CYS)
Alliancebernstein L.P. maintained its stake in shares of CYS Investments, Inc. (NYSE:CYS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,714 shares of the real estate investment trust’s stock at the end of the first quarter. Alliancebernstein L.P.’s holdings in CYS Investments were worth $1,922,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Prudential Financial Inc. increased its stake in CYS Investments by 8.6% in the first quarter. Prudential Financial Inc. now owns 769,517 shares of the real estate investment trust’s stock worth $6,118,000 after buying an additional 61,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in CYS Investments by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 5,790,647 shares of the real estate investment trust’s stock worth $46,036,000 after buying an additional 257,658 shares in the last quarter. Quantbot Technologies LP increased its stake in CYS Investments by 46.7% in the first quarter. Quantbot Technologies LP now owns 20,463 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 6,518 shares in the last quarter. Infrastructure Capital Advisors LLC increased its stake in CYS Investments by 41.6% in the first quarter. Infrastructure Capital Advisors LLC now owns 106,459 shares of the real estate investment trust’s stock worth $1,042,000 after buying an additional 31,285 shares in the last quarter. Finally, Rational Advisors LLC increased its stake in CYS Investments by 513.1% in the first quarter. Rational Advisors LLC now owns 191,900 shares of the real estate investment trust’s stock worth $1,526,000 after buying an additional 160,600 shares in the last quarter. 63.29% of the stock is owned by institutional investors.
CYS Investments, Inc. (NYSE:CYS) opened at 8.39 on Thursday. The stock has a 50 day moving average price of $8.56 and a 200 day moving average price of $8.15. CYS Investments, Inc. has a 12-month low of $7.42 and a 12-month high of $9.21. The stock’s market cap is $1.27 billion.
CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Wednesday, April 19th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $74.83 million. CYS Investments had a negative net margin of 3.81% and a positive return on equity of 12.13%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, analysts forecast that CYS Investments, Inc. will post $1.00 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Thursday, June 22nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.92%. The ex-dividend date of this dividend was Tuesday, June 20th. CYS Investments’s payout ratio is currently -476.19%.
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A number of analysts have issued reports on the company. BidaskClub raised CYS Investments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded CYS Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods set a $8.00 price target on CYS Investments and gave the stock a “hold” rating in a report on Saturday, May 27th. Finally, Wells Fargo & Company lowered CYS Investments from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.46.
In other CYS Investments news, CEO Kevin E. Grant sold 175,389 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $8.47, for a total value of $1,485,544.83. Following the completion of the sale, the chief executive officer now owns 610,640 shares of the company’s stock, valued at $5,172,120.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.04% of the stock is owned by company insiders.
CYS Investments Company Profile
CYS Investments, Inc is a specialty finance company. The Company’s objective is to provide consistent returns to its investors through a combination of dividends and capital appreciation. It invests in agency residential mortgage-backed security (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.
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