Shares of CYS Investments, Inc. (NYSE:CYS) gapped down before the market opened on Friday . The stock had previously closed at $8.46, but opened at $8.48. CYS Investments shares last traded at $8.57, with a volume of 2,617,627 shares traded.

CYS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods set a $8.00 price objective on CYS Investments and gave the stock a “hold” rating in a research report on Saturday, May 27th. BidaskClub upgraded CYS Investments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, Zacks Investment Research downgraded CYS Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. One 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’s stock. CYS Investments presently has an average rating of “Hold” and an average target price of $8.31.

The firm’s market capitalization is $1.30 billion. The firm has a 50 day moving average of $8.73 and a 200 day moving average of $8.40.

CYS Investments (NYSE:CYS) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $69.70 million. During the same period in the prior year, the business earned $0.26 EPS. Analysts predict that CYS Investments, Inc. will post $1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 25th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date of this dividend is Friday, September 22nd. CYS Investments’s payout ratio is currently -400.00%.

In other news, Director David A. Tyson sold 5,950 shares of the business’s stock in a transaction dated 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 sale, the director now owns 22,603 shares of the company’s stock, valued at approximately $192,125.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CYS. Profund Advisors LLC lifted its stake in shares of CYS Investments by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 11,900 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 196 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of CYS Investments by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,300 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,096 shares during the last quarter. Formidable Asset Management LLC bought a new stake in shares of CYS Investments in the 1st quarter valued at about $114,000. Stratos Wealth Partners LTD. lifted its stake in shares of CYS Investments by 7.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 950 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of CYS Investments in the 1st quarter valued at about $121,000. 62.69% of the stock is owned by institutional investors.

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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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