CYS Investments’ (CYS) “Hold” Rating Reiterated at Keefe, Bruyette & Woods
CYS Investments, Inc. (NYSE:CYS)‘s stock had its “hold” rating reaffirmed by Keefe, Bruyette & Woods in a note issued to investors on Thursday. They presently have a $8.50 price objective on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 2.52% from the company’s current price.
CYS has been the topic of several other research reports. Zacks Investment Research upgraded CYS Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded CYS Investments from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.31.
CYS Investments (CYS) traded up 0.401% on Thursday, hitting $8.755. The stock had a trading volume of 842,944 shares. The company’s market cap is $1.33 billion. CYS Investments has a 52-week low of $7.42 and a 52-week high of $8.99. The company has a 50 day moving average price of $8.68 and a 200-day moving average price of $8.37.
CYS Investments (NYSE:CYS) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $50.91 million for the quarter, compared to the consensus estimate of $69.70 million. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. During the same quarter in the previous year, the business earned $0.26 EPS. On average, equities research analysts predict that CYS Investments will post $1.04 earnings per share for the current year.
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In other news, Director David A. Tyson sold 5,950 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $8.50, for a total value of $50,575.00. Following the sale, the director now owns 22,603 shares in the company, valued at $192,125.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds 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 during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of CYS Investments in the second quarter worth about $19,093,000. First Trust Advisors LP purchased a new stake in shares of CYS Investments in the fourth quarter worth about $12,824,000. Norges Bank purchased a new stake in shares of CYS Investments in the fourth quarter worth about $13,263,000. Finally, Boston Partners boosted its stake in shares of CYS Investments by 41.4% in the second quarter. Boston Partners now owns 5,568,285 shares of the real estate investment trust’s stock worth $46,607,000 after buying an additional 1,631,341 shares during the last quarter. Hedge funds and other institutional investors 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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