Cambridge Investment Research Advisors Inc. increased its position in CYS Investments, Inc. (NYSE:CYS) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,979 shares of the real estate investment trust’s stock after acquiring an additional 12,368 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.06% of CYS Investments worth $816,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Formidable Asset Management LLC purchased a new stake in CYS Investments during the 1st quarter valued at $114,000. Stratos Wealth Partners LTD. increased its stake in shares of CYS Investments by 7.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 950 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of CYS Investments in the 1st quarter worth $121,000. Ruggie Capital Group purchased a new stake in shares of CYS Investments in the 2nd quarter worth $148,000. Finally, Mackenzie Financial Corp increased its stake in shares of CYS Investments by 48.8% in the 1st quarter. Mackenzie Financial Corp now owns 18,734 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 6,144 shares in the last quarter. Institutional investors own 62.69% of the company’s stock.
CYS Investments, Inc. (NYSE CYS) opened at 8.73 on Friday. The stock’s 50 day moving average is $8.73 and its 200-day moving average is $8.40. The stock’s market capitalization is $1.32 billion. CYS Investments, Inc. has a 12 month low of $7.42 and a 12 month high of $8.98.
CYS Investments (NYSE:CYS) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. CYS Investments had a negative net margin of 5.86% and a positive return on equity of 12.69%. The company had revenue of $50.91 million for the quarter, compared to analysts’ expectations of $69.70 million. During the same period last year, the company earned $0.26 EPS. On average, equities research analysts expect that CYS Investments, Inc. will post $1.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 25th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.00 annualized dividend and a dividend yield of 11.45%. CYS Investments’s dividend payout ratio is presently -400.00%.
In related news, Director David A. Tyson sold 5,950 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $8.50, for a total value of $50,575.00. Following the sale, the director now directly owns 22,603 shares of the company’s stock, valued at $192,125.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.04% of the stock is currently owned by company insiders.
Several research analysts have commented on the stock. BidaskClub downgraded shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price objective on shares of CYS Investments in a report on Thursday, September 14th. Finally, Zacks Investment Research raised shares of CYS Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.31.
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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