Shares of CYS Investments Inc. (NYSE:CYS) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.82.
CYS has been the topic of a number of analyst reports. TheStreet upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Compass Point raised their target price 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. Nomura raised their target price on shares of CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods raised 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.
CYS Investments (NYSE:CYS) traded down 0.846% during mid-day trading on Friday, hitting $8.795. The stock had a trading volume of 569,574 shares. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 10.029 and a beta of 0.61. CYS Investments has a one year low of $5.89 and a one year high of $9.21. The company has a 50 day moving average price of $8.92 and a 200-day moving average price of $8.44.
CYS Investments (NYSE:CYS) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. CYS Investments had a net margin of 56.96% and a return on equity of 11.38%. During the same quarter in the previous year, the business posted $0.27 earnings per share. Equities analysts expect that CYS Investments will post $1.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Thursday, September 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 11.27%. CYS Investments’s payout ratio is 112.36%.
Several institutional investors have recently bought and sold shares of CYS. Emerald Acquisition Ltd. acquired a new position in CYS Investments during the second quarter valued at $19,093,000. Boston Partners raised its position in 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 valued at $46,607,000 after buying an additional 1,631,341 shares during the last quarter. Norges Bank acquired a new position in CYS Investments during the fourth quarter valued at $10,903,000. BlackRock Fund Advisors raised its position in CYS Investments by 16.7% in the second quarter. BlackRock Fund Advisors now owns 8,085,729 shares of the real estate investment trust’s stock valued at $67,678,000 after buying an additional 1,155,381 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in CYS Investments by 181.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,618,027 shares of the real estate investment trust’s stock valued at $13,170,000 after buying an additional 1,043,522 shares during the last quarter. Institutional investors and hedge funds own 61.67% of the company’s stock.
About CYS Investments
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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