Morgan Stanley Has $4.69 Million Stake in CYS Investments, Inc. (CYS)
Morgan Stanley cut its stake in CYS Investments, Inc. (NYSE:CYS) by 28.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 589,749 shares of the real estate investment trust’s stock after selling 236,154 shares during the period. Morgan Stanley’s holdings in CYS Investments were worth $4,688,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CYS. Vanguard Group Inc. raised its stake in shares of CYS Investments by 6.7% in the first quarter. Vanguard Group Inc. now owns 12,575,677 shares of the real estate investment trust’s stock valued at $99,976,000 after buying an additional 787,924 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $46,036,000 after buying an additional 257,658 shares in the last quarter. UBS Group AG raised its stake in shares of CYS Investments by 27.1% in the first quarter. UBS Group AG now owns 3,558,229 shares of the real estate investment trust’s stock valued at $28,288,000 after buying an additional 757,593 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of CYS Investments by 3.9% in the first quarter. OppenheimerFunds Inc. now owns 3,526,439 shares of the real estate investment trust’s stock valued at $28,035,000 after buying an additional 131,900 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in shares of CYS Investments by 3.1% in the first quarter. Global X Management Co. LLC now owns 2,089,448 shares of the real estate investment trust’s stock valued at $16,611,000 after buying an additional 62,032 shares in the last quarter. 63.37% of the stock is currently owned by hedge funds and other institutional investors.
CYS Investments, Inc. (NYSE CYS) traded down 0.3460% on Friday, hitting $8.6699. The stock had a trading volume of 395,217 shares. The firm’s 50-day moving average price is $8.52 and its 200-day moving average price is $8.21. CYS Investments, Inc. has a 1-year low of $7.42 and a 1-year high of $9.13. The firm’s market cap is $1.32 billion.
CYS Investments (NYSE:CYS) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. The firm had revenue of $50.91 million during the quarter, compared to the consensus estimate of $69.70 million. During the same quarter in the previous year, the company posted $0.26 EPS. On average, equities research analysts predict that CYS Investments, Inc. will post $1.04 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Thursday, June 22nd were given a $0.25 dividend. The ex-dividend date was Tuesday, June 20th. This represents a $1.00 annualized dividend and a yield of 11.49%. CYS Investments’s payout ratio is -400.00%.
CYS has been the topic of several analyst reports. Zacks Investment Research raised CYS Investments from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research report on Tuesday, April 18th. BidaskClub lowered CYS Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods set a $8.00 price target on CYS Investments and gave the stock a “hold” rating in a research note on Saturday, May 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.35.
In other CYS Investments news, Director David A. Tyson sold 5,950 shares of CYS Investments stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.50, for a total value of $50,575.00. Following the completion of the transaction, the director now owns 22,603 shares in the company, valued at approximately $192,125.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.04% of the company’s stock.
About CYS Investments
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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