Zacks: Brokerages Anticipate CYS Investments, Inc. (NYSE:CYS) Will Post Earnings of $0.26 Per Share
Brokerages expect that CYS Investments, Inc. (NYSE:CYS) will report $0.26 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for CYS Investments’ earnings. CYS Investments also reported earnings per share of $0.26 in the same quarter last year. The firm is expected to announce its next earnings report after the market closes on Wednesday, July 26th.
On average, analysts expect that CYS Investments will report full-year earnings of $1.06 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $1.08 per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover CYS Investments.
CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. CYS Investments had a negative net margin of 3.81% and a positive return on equity of 12.13%. During the same period in the previous year, the firm earned $0.26 EPS.
CYS has been the subject of several recent analyst reports. Wells Fargo & Company cut 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. Zacks Investment Research upgraded CYS Investments from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods set a $8.00 target price on CYS Investments and gave the stock a “hold” rating in a research note on Saturday, May 27th. Finally, BidaskClub upgraded CYS Investments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. CYS Investments currently has a consensus rating of “Hold” and a consensus price target of $8.46.
A number of large investors have recently modified their holdings of CYS. BlackRock Inc. boosted its stake in shares of CYS Investments by 35,816.0% in the first quarter. BlackRock Inc. now owns 14,858,437 shares of the real estate investment trust’s stock worth $118,124,000 after buying an additional 14,817,067 shares in the last quarter. Norges Bank purchased a new stake in shares of CYS Investments during the fourth quarter worth $13,263,000. Vanguard Group Inc. boosted its stake in shares of CYS Investments by 6.7% in the first quarter. Vanguard Group Inc. now owns 12,575,677 shares of the real estate investment trust’s stock worth $99,976,000 after buying an additional 787,924 shares in the last quarter. UBS Group AG boosted its stake in shares of CYS Investments by 27.1% in the first quarter. UBS Group AG now owns 3,558,229 shares of the real estate investment trust’s stock worth $28,288,000 after buying an additional 757,593 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new stake in shares of CYS Investments during the first quarter worth $5,043,000. Institutional investors own 63.37% of the company’s stock.
Shares of CYS Investments (NYSE:CYS) traded up 0.36% during midday trading on Wednesday, reaching $8.41. 1,082,822 shares of the company traded hands. The firm’s market capitalization is $1.28 billion. CYS Investments has a 1-year low of $7.42 and a 1-year high of $9.21. The stock has a 50 day moving average price of $8.56 and a 200 day moving average price of $8.15.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Thursday, June 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.89%. The ex-dividend date was Tuesday, June 20th. CYS Investments’s dividend payout ratio is currently -476.19%.
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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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