Alliancebernstein L.P. Raises Position in CYS Investments, Inc. (CYS)
Alliancebernstein L.P. increased its holdings in CYS Investments, Inc. (NYSE:CYS) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 251,044 shares of the real estate investment trust’s stock after buying an additional 9,330 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of CYS Investments worth $2,111,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CYS. BlackRock Inc. increased its holdings in CYS Investments by 35,816.0% in the 1st quarter. BlackRock Inc. now owns 14,858,437 shares of the real estate investment trust’s stock worth $118,124,000 after buying an additional 14,817,067 shares during the period. Vanguard Group Inc. increased its holdings in CYS Investments by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 12,575,677 shares of the real estate investment trust’s stock worth $99,976,000 after buying an additional 787,924 shares during the period. PVG Asset Management Corp acquired a new position in CYS Investments in the 1st quarter worth approximately $5,043,000. Harbour Capital Advisors LLC increased its holdings in CYS Investments by 741.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 459,186 shares of the real estate investment trust’s stock worth $54,600,000 after buying an additional 404,586 shares during the period. Finally, James Investment Research Inc. acquired a new position in CYS Investments in the 2nd quarter worth approximately $1,271,000. Institutional investors own 62.69% of the company’s stock.
Shares of CYS Investments, Inc. (NYSE:CYS) opened at 8.71 on Tuesday. The firm has a 50-day moving average price of $8.70 and a 200 day moving average price of $8.52. The stock’s market cap is $1.32 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 released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $50.91 million for the quarter, compared to analyst estimates 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 previous year, the company posted $0.26 earnings per share. Analysts expect that CYS Investments, Inc. will post $1.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Monday, September 25th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date of this dividend was Friday, September 22nd. CYS Investments’s payout ratio is currently -400.00%.
CYS has been the topic of several recent research reports. Zacks Investment Research upgraded CYS Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered CYS Investments from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.50 price objective on shares of CYS Investments in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.00.
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In other news, Director David A. Tyson sold 5,950 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 22,603 shares of the company’s stock, valued at $192,125.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.04% of the company’s stock.
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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