Global X MANAGEMENT CO LLC increased its holdings in shares of CYS Investments, Inc. (NYSE:CYS) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,323,718 shares of the real estate investment trust’s stock after buying an additional 88,804 shares during the quarter. Global X MANAGEMENT CO LLC owned 1.50% of CYS Investments worth $20,077,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Profund Advisors LLC boosted its position in CYS Investments by 1.7% during the second quarter. Profund Advisors LLC now owns 11,900 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 196 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of CYS Investments by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,300 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,096 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of CYS Investments by 7.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 950 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of CYS Investments by 1.6% during the 2nd quarter. Private Advisor Group LLC now owns 16,669 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 266 shares during the last quarter. Finally, Ruggie Capital Group bought a new position in CYS Investments during the second quarter valued at about $148,000. Institutional investors and hedge funds own 61.38% of the company’s stock.
CYS Investments, Inc. (CYS) traded down $0.02 during trading hours on Friday, reaching $7.96. The company’s stock had a trading volume of 315,002 shares, compared to its average volume of 1,370,469. CYS Investments, Inc. has a 12-month low of $7.42 and a 12-month high of $8.98. The firm has a market cap of $1,238.53, a P/E ratio of 7.76 and a beta of 0.63.
CYS Investments (NYSE:CYS) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). CYS Investments had a positive return on equity of 13.30% and a negative net margin of 2.59%. The firm had revenue of $46.99 million for the quarter, compared to analyst estimates of $54.46 million. During the same period in the prior year, the company posted $0.27 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Monday, September 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.56%. The ex-dividend date was Friday, September 22nd. CYS Investments’s dividend payout ratio is -499.98%.
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CYS has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 price objective on shares of CYS Investments in a research note on Thursday, September 14th. BidaskClub raised CYS Investments from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $8.00.
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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