CYS Investments, Inc. (NYSE:CYS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through securities for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. CYS Investments, Inc. has elected to be taxed as a real estate investment trust for federal income tax purposes. CYS Investments, Inc., formally known as Cypress Sharpridge Investments, Inc., is headquartered in Waltham, Massachusetts. “

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods set a $8.00 price objective on shares of CYS Investments and gave the stock a “hold” rating in a research note on Saturday, May 27th. BidaskClub downgraded shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Wells Fargo & Company downgraded shares of CYS Investments from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $8.46.

CYS Investments (NYSE:CYS) traded up 0.48% during trading on Tuesday, reaching $8.42. 1,145,962 shares of the company’s stock were exchanged. The firm’s market cap is $1.28 billion. The stock’s 50 day moving average price is $8.49 and its 200 day moving average price is $8.08. CYS Investments has a 52-week low of $7.42 and a 52-week high of $9.21.

CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Wednesday, April 19th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $73.30 million for the quarter, compared to the consensus estimate of $74.83 million. CYS Investments had a negative net margin of 3.81% and a positive return on equity of 12.13%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Equities research analysts anticipate that CYS Investments will post $1.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Thursday, June 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.88%. CYS Investments’s payout ratio is currently -476.19%.

WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/11/cys-investments-inc-nysecys-upgraded-to-hold-by-zacks-investment-research.html.

In other news, CEO Kevin E. Grant sold 175,389 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $8.47, for a total value of $1,485,544.83. Following the sale, the chief executive officer now directly owns 610,640 shares in the company, valued at approximately $5,172,120.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Confluence Investment Management LLC increased its stake in CYS Investments by 4.3% in the second quarter. Confluence Investment Management LLC now owns 911,826 shares of the real estate investment trust’s stock worth $7,669,000 after buying an additional 37,500 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in CYS Investments during the second quarter worth $151,000. Metropolitan Life Insurance Co. NY increased its stake in CYS Investments by 3.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 106,995 shares of the real estate investment trust’s stock worth $851,000 after buying an additional 3,380 shares during the last quarter. PVG Asset Management Corp bought a new stake in CYS Investments during the first quarter worth $5,043,000. Finally, State Street Corp increased its stake in CYS Investments by 1.8% in the first quarter. State Street Corp now owns 3,515,705 shares of the real estate investment trust’s stock worth $27,951,000 after buying an additional 63,390 shares during the last quarter. Institutional investors own 63.68% 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.

Get a free copy of the Zacks research report on CYS Investments (CYS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for CYS Investments (NYSE:CYS)

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.