CYS Investments, Inc. (CYS) Given Average Recommendation of “Hold” by Brokerages
CYS Investments, Inc. (NYSE:CYS) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research 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 average 1-year price objective among brokerages that have covered the stock in the last year is $8.00.
Several research firms recently issued reports on CYS. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.50 price target on shares of CYS Investments in a research report on Thursday, September 14th. BidaskClub raised shares of CYS Investments from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
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In related news, Director David A. Tyson sold 5,950 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.50, for a total value of $50,575.00. Following the completion of the transaction, the director now owns 22,603 shares of the company’s stock, valued at $192,125.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.04% of the company’s stock.
A number of large investors have recently bought and sold shares of CYS. BlackRock Inc. increased its holdings in shares of CYS Investments by 4.2% during the second quarter. BlackRock Inc. now owns 15,479,543 shares of the real estate investment trust’s stock worth $130,183,000 after buying an additional 621,106 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CYS Investments by 0.6% during the second quarter. Vanguard Group Inc. now owns 12,648,858 shares of the real estate investment trust’s stock worth $106,378,000 after buying an additional 73,181 shares in the last quarter. Boston Partners increased its holdings in shares of CYS Investments by 2.3% during the second quarter. Boston Partners now owns 5,981,938 shares of the real estate investment trust’s stock worth $50,308,000 after buying an additional 135,476 shares in the last quarter. State Street Corp increased its holdings in shares of CYS Investments by 3.8% during the second quarter. State Street Corp now owns 3,650,507 shares of the real estate investment trust’s stock worth $30,700,000 after buying an additional 134,802 shares in the last quarter. Finally, Global X Management Co. LLC increased its holdings in shares of CYS Investments by 7.0% during the second quarter. Global X Management Co. LLC now owns 2,234,914 shares of the real estate investment trust’s stock worth $18,796,000 after buying an additional 145,466 shares in the last quarter. 62.76% of the stock is owned by hedge funds and other institutional investors.
CYS Investments (NYSE CYS) traded down 1.77% during trading on Wednesday, hitting $8.31. The stock had a trading volume of 1,556,851 shares. The company’s market cap is $1.26 billion. The stock has a 50-day moving average price of $8.67 and a 200-day moving average price of $8.55. CYS Investments has a 52 week low of $7.42 and a 52 week high of $8.98.
CYS Investments (NYSE:CYS) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. During the same quarter last year, the business posted $0.27 earnings per share. Equities analysts predict that CYS Investments will post $1.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Monday, September 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 12.03%. The ex-dividend date of this dividend was Friday, September 22nd. CYS Investments’s dividend payout ratio (DPR) is presently -400.00%.
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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