Chicago Equity Partners LLC boosted its stake in shares of CYS Investments Inc. (NYSE:CYS) by 154.8% during the second quarter, Holdings Channel reports. The institutional investor owned 178,360 shares of the real estate investment trust’s stock after buying an additional 108,360 shares during the period. Chicago Equity Partners LLC’s holdings in CYS Investments were worth $1,493,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CYS. Parametrica Management Ltd bought a new stake in shares of CYS Investments during the second quarter valued at approximately $110,000. Creative Planning raised its stake in shares of CYS Investments by 199.8% in the second quarter. Creative Planning now owns 16,966 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 11,307 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in shares of CYS Investments by 8.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 22,651 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 1,760 shares during the last quarter. BLB&B Advisors LLC raised its stake in shares of CYS Investments by 5.1% in the second quarter. BLB&B Advisors LLC now owns 31,005 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 1,510 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of CYS Investments during the first quarter valued at approximately $1,150,000. 61.68% of the stock is currently owned by institutional investors.
CYS Investments Inc. (NYSE:CYS) traded up 1.20% on Wednesday, hitting $8.40. 772,281 shares of the stock were exchanged. CYS Investments Inc. has a 52 week low of $5.89 and a 52 week high of $9.21. The company has a market cap of $1.27 billion, a PE ratio of 9.58 and a beta of 0.60. The company’s 50-day moving average is $8.64 and its 200-day moving average is $8.50.
CYS Investments (NYSE:CYS) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. CYS Investments had a return on equity of 11.38% and a net margin of 56.96%. During the same quarter last year, the business earned $0.27 EPS. On average, analysts predict that CYS Investments Inc. will post $1.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date of this dividend was Tuesday, September 20th. CYS Investments’s dividend payout ratio (DPR) is 112.36%.
Several brokerages have commented on CYS. Keefe, Bruyette & Woods boosted their target price on shares of CYS Investments from $8.65 to $9.25 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Zacks Investment Research lowered shares of CYS Investments from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Compass Point boosted their price objective on shares of CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. TheStreet upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Credit Suisse Group AG reiterated a “sell” rating and issued a $9.00 price objective on shares of CYS Investments in a research report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.72.
CYS Investments Company Profile
CYS Investments, Inc is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency 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 (approximately three, five, seven or 10 years).
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