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.
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.
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