PNC Financial Services Group Inc. lowered its position in shares of CYS Investments Inc. (NYSE:CYS) by 35.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 60,421 shares of the real estate investment trust’s stock after selling 33,715 shares during the period. PNC Financial Services Group Inc.’s holdings in CYS Investments were worth $506,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Parametrica Management Ltd acquired a new stake in CYS Investments during the second quarter worth approximately $110,000. Creative Planning raised its position 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 worth $142,000 after buying an additional 11,307 shares during the last quarter. Quantbot Technologies LP raised its position in shares of CYS Investments by 173.3% in the second quarter. Quantbot Technologies LP now owns 17,396 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 11,031 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of CYS Investments during the second quarter worth $172,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of CYS Investments by 18.9% in the first quarter. Stratos Wealth Partners LTD. now owns 21,578 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 3,428 shares during the last quarter. 61.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of CYS Investments Inc. (NYSE:CYS) traded down 1.13% on Friday, hitting $8.77. The company’s stock had a trading volume of 1,215,720 shares. The stock has a 50-day moving average price of $8.91 and a 200 day moving average price of $8.44. CYS Investments Inc. has a one year low of $5.89 and a one year high of $9.21. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 10.00 and a beta of 0.61.
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 analysts’ consensus estimates of $0.26. CYS Investments had a net margin of 56.96% and a return on equity of 11.38%. During the same period in the prior year, the company earned $0.27 earnings per share. Equities research analysts predict that CYS Investments Inc. will post $1.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Thursday, September 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.40%. CYS Investments’s dividend payout ratio (DPR) is currently 112.36%.
A number of research analysts have recently weighed in on the company. Credit Suisse Group AG restated a “sell” rating and set a $9.00 price objective on shares of CYS Investments in a research report on Friday, September 9th. Compass Point raised their price objective on CYS Investments from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. TheStreet upgraded CYS Investments from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded CYS Investments from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods raised their price objective on CYS Investments from $8.65 to $9.25 and gave the company an “outperform” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. CYS Investments has an average rating of “Hold” and a consensus price target of $8.72.
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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