Keefe, Bruyette & Woods Reaffirms Hold Rating for CYS Investments, Inc. (CYS)

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of CYS Investments, Inc. (NYSE:CYS) in a report released on Thursday morning. They currently have a $8.50 price target on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of CYS Investments from a sell rating to a hold rating in a research report on Tuesday, July 11th. BidaskClub downgraded shares of CYS Investments from a buy rating to a hold rating in a research report on Saturday, July 8th. 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. CYS Investments has an average rating of Hold and an average target price of $8.31.

CYS Investments (NYSE:CYS) opened at 8.78 on Thursday. The stock has a 50 day moving average of $8.71 and a 200 day moving average of $8.38. CYS Investments has a 52 week low of $7.42 and a 52 week high of $8.98. The firm’s market cap is $1.33 billion.

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 analysts’ consensus estimates 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 company had revenue of $50.91 million for the quarter, compared to the consensus estimate of $69.70 million. During the same period in the prior year, the company posted $0.26 EPS. Analysts anticipate that CYS Investments will post $1.04 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/09/17/keefe-bruyette-woods-reaffirms-hold-rating-for-cys-investments-inc-cys.html.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 25th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 11.39%. CYS Investments’s payout ratio is presently -400.00%.

In related news, Director David A. Tyson sold 5,950 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $8.50, for a total value of $50,575.00. Following the sale, the director now directly owns 22,603 shares in the company, valued at approximately $192,125.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

Several large investors have recently made changes to their positions in CYS. Profund Advisors LLC raised its position 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 period. Ameritas Investment Partners Inc. raised its position 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 period. Formidable Asset Management LLC acquired a new stake in shares of CYS Investments in the 1st quarter valued at approximately $114,000. Stratos Wealth Partners LTD. raised its position 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 period. Finally, Koch Industries Inc. acquired a new stake in shares of CYS Investments in the 1st quarter valued at approximately $121,000. Institutional investors and hedge funds own 62.80% 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.

Receive News & Ratings for CYS Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply