CYS Investments, Inc. (CYS) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp grew its stake in CYS Investments, Inc. (NYSE:CYS) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 764,834 shares of the real estate investment trust’s stock after purchasing an additional 8,400 shares during the quarter. Bank of New York Mellon Corp owned about 0.50% of CYS Investments worth $6,433,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CYS. Sigma Planning Corp lifted its position in shares of CYS Investments by 2.0% in the 2nd quarter. Sigma Planning Corp now owns 20,122 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 402 shares during the period. Suntrust Banks Inc. increased its position in shares of CYS Investments by 2.8% during the first quarter. Suntrust Banks Inc. now owns 23,579 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 646 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of CYS Investments by 7.2% during the second quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 950 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of CYS Investments by 3.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 106,995 shares of the real estate investment trust’s stock valued at $851,000 after buying an additional 3,380 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of CYS Investments by 10.0% during the first quarter. PNC Financial Services Group Inc. now owns 43,020 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 3,922 shares during the period. Institutional investors and hedge funds own 62.69% of the company’s stock.
In other CYS Investments news, Director David A. Tyson sold 5,950 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.50, for a total transaction of $50,575.00. Following the transaction, the director now directly 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 can be accessed through this hyperlink. 1.04% of the stock is owned by corporate insiders.
CYS Investments, Inc. (CYS) opened at 8.64 on Monday. The company has a 50 day moving average of $8.73 and a 200 day moving average of $8.40. The company’s market capitalization is $1.31 billion. CYS Investments, Inc. has a 52 week low of $7.42 and a 52 week high of $8.98.
CYS Investments (NYSE:CYS) last posted its quarterly earnings results 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. The business had revenue of $50.91 million for the quarter, compared to the consensus estimate of $69.70 million. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. During the same quarter in the prior year, the company earned $0.26 EPS. On average, equities analysts forecast that CYS Investments, Inc. will post $1.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 25th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.57%. The ex-dividend date is Friday, September 22nd. CYS Investments’s dividend payout ratio (DPR) is presently -400.00%.
Several analysts have commented on the stock. BidaskClub lowered shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 price objective on shares of CYS Investments in a research report on Thursday, September 14th. Finally, Zacks Investment Research upgraded CYS Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.31.
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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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