CYS Investments Inc. (CYS) Shares Down 1.8%
CYS Investments Inc. (NYSE:CYS)’s share price traded down 1.8% on Tuesday . The stock traded as low as $8.56 and last traded at $8.64, with a volume of 879,695 shares changing hands. The stock had previously closed at $8.80.
Several equities analysts recently weighed in on the stock. Credit Suisse Group AG restated a “sell” rating and issued a $9.00 price objective on shares of CYS Investments in a report on Friday, September 9th. Compass Point increased their price objective on shares of CYS Investments from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. TheStreet upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CYS Investments from $8.65 to $9.25 and gave the company an “outperform” rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.72.
The stock has a market cap of $1.31 billion, a P/E ratio of 9.90 and a beta of 0.61. The firm has a 50 day moving average of $8.94 and a 200-day moving average of $8.43.
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CYS Investments (NYSE:CYS) last issued its earnings results on Thursday, July 28th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. CYS Investments had a net margin of 56.96% and a return on equity of 11.38%. During the same period in the previous year, the firm posted $0.27 earnings per share. Equities research analysts anticipate that CYS Investments Inc. will post $1.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Thursday, September 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.52%. The ex-dividend date of this dividend is Tuesday, September 20th. CYS Investments’s payout ratio is presently 112.36%.
Several institutional investors have recently modified their holdings of the stock. Parametrica Management Ltd purchased a new position in shares of CYS Investments during the second quarter valued at approximately $110,000. Profund Advisors LLC raised its stake in shares of CYS Investments by 3.7% in the second quarter. Profund Advisors LLC now owns 13,084 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 472 shares during the period. Barclays PLC raised its stake in shares of CYS Investments by 27,770.0% in the second quarter. Barclays PLC now owns 13,935 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 13,885 shares during the period. Private Advisor Group LLC raised its stake in shares of CYS Investments by 2.7% in the second quarter. Private Advisor Group LLC now owns 14,094 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 371 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of CYS Investments during the second quarter valued at about $131,000. Institutional investors own 61.49% of the company’s stock.
CYS Investments Company Profile
CYS Investments, Inc is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency 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 (approximately three, five, seven or 10 years).
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