CYS Investments (CYS) Upgraded to “Neutral” at Compass Point

CYS Investments (NYSE:CYS) was upgraded by investment analysts at Compass Point from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, MarketBeat reports.

Separately, ValuEngine lowered shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CYS Investments has a consensus rating of “Hold” and a consensus price target of $8.25.

CYS Investments (NYSE CYS) traded up $0.10 during trading hours on Tuesday, reaching $6.49. 3,872,133 shares of the company traded hands, compared to its average volume of 1,885,359. CYS Investments has a 1-year low of $6.26 and a 1-year high of $8.98. The company has a market capitalization of $1,010.00, a price-to-earnings ratio of -32.45 and a beta of 0.37.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank lifted its stake in shares of CYS Investments by 57.1% in the fourth quarter. Comerica Bank now owns 326,204 shares of the real estate investment trust’s stock worth $2,417,000 after buying an additional 118,500 shares in the last quarter. Boston Partners lifted its stake in shares of CYS Investments by 7.5% in the fourth quarter. Boston Partners now owns 6,617,608 shares of the real estate investment trust’s stock worth $53,139,000 after buying an additional 461,642 shares in the last quarter. LSV Asset Management lifted its stake in shares of CYS Investments by 1.2% in the fourth quarter. LSV Asset Management now owns 1,207,300 shares of the real estate investment trust’s stock worth $9,694,000 after buying an additional 14,200 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of CYS Investments by 4.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,022,491 shares of the real estate investment trust’s stock worth $16,241,000 after buying an additional 91,703 shares in the last quarter. Finally, Dean Capital Investments Management LLC bought a new position in shares of CYS Investments in the fourth quarter worth approximately $367,000. Hedge funds and other institutional investors own 62.15% of the company’s stock.

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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.

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