Los Angeles Capital Management & Equity Research Inc. Grows Holdings in CYS Investments, Inc. (CYS)
Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of CYS Investments, Inc. (NYSE:CYS) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266,016 shares of the real estate investment trust’s stock after buying an additional 7,350 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.18% of CYS Investments worth $2,237,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in CYS Investments by 11.1% during the first quarter. Van ECK Associates Corp now owns 602,917 shares of the real estate investment trust’s stock worth $4,793,000 after buying an additional 60,037 shares during the last quarter. Boston Private Wealth LLC acquired a new position in CYS Investments during the first quarter worth $318,000. James Investment Research Inc. acquired a new position in CYS Investments during the second quarter worth $1,271,000. Swiss National Bank raised its holdings in CYS Investments by 2.6% during the first quarter. Swiss National Bank now owns 249,100 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 6,400 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. acquired a new position in CYS Investments during the first quarter worth $2,220,000. Hedge funds and other institutional investors own 62.80% of the company’s stock.
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Shares of CYS Investments, Inc. (CYS) opened at 8.78 on Friday. CYS Investments, Inc. has a one year low of $7.42 and a one year high of $8.98. The stock’s market cap is $1.33 billion. The stock has a 50 day moving average of $8.71 and a 200 day moving average of $8.38.
CYS Investments (NYSE:CYS) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. CYS Investments had a negative net margin of 5.86% and a positive return on equity of 12.69%. The firm had revenue of $50.91 million for the quarter, compared to analysts’ expectations of $69.70 million. During the same quarter in the previous year, the business posted $0.26 EPS. On average, analysts forecast that CYS Investments, Inc. will post $1.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 25th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.39%. The ex-dividend date of this dividend is Friday, September 22nd. CYS Investments’s dividend payout ratio (DPR) is presently -400.00%.
Several research firms have weighed in on CYS. Keefe, Bruyette & Woods set a $8.00 price objective on shares of CYS Investments and gave the stock a “hold” rating in a report on Saturday, May 27th. BidaskClub upgraded shares of CYS Investments from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of CYS Investments from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.31.
In other news, Director David A. Tyson sold 5,950 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.50, for a total transaction of $50,575.00. Following the sale, the director now owns 22,603 shares in the company, valued at approximately $192,125.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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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