CYS Investments Inc. (NYSE:CYS) has been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.82.
Several brokerages have weighed in on CYS. Compass Point boosted their price objective on CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Credit Suisse Group AG restated a “sell” rating and set a $9.00 target price on shares of CYS Investments in a research report on Friday, September 9th. 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 boosted their target price on CYS Investments from $8.65 to $9.25 and gave the company an “outperform” rating in a research report on Friday, July 29th.
CYS Investments (NYSE:CYS) opened at 8.76 on Friday. CYS Investments has a 52-week low of $5.89 and a 52-week high of $9.21. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.99 and a beta of 0.61. The company’s 50-day moving average price is $8.89 and its 200-day moving average price is $8.46.
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 Thomson Reuters’ consensus estimate of $0.26. CYS Investments had a return on equity of 11.38% and a net margin of 56.96%. During the same quarter in the previous year, the company earned $0.27 EPS. Equities research analysts expect that CYS Investments will post $1.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Thursday, September 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.42%. CYS Investments’s payout ratio is 112.36%.
Hedge funds have recently made changes to their positions in the stock. KAMES CAPITAL plc raised its stake in shares of CYS Investments by 11.0% in the second quarter. KAMES CAPITAL plc now owns 707,771 shares of the real estate investment trust’s stock worth $5,924,000 after buying an additional 70,184 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in CYS Investments during the second quarter worth $517,000. Sterling Capital Management LLC bought a new stake in CYS Investments during the second quarter worth $758,000. Schwab Charles Investment Management Inc. raised its stake in CYS Investments by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 579,279 shares of the real estate investment trust’s stock worth $4,849,000 after buying an additional 57,542 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in CYS Investments during the second quarter worth $131,000. Hedge funds and other institutional investors 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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