Ameriprise Financial Inc. reduced its stake in CYS Investments Inc. (NYSE:CYS) by 28.6% during the second quarter, Holdings Channel reports. The institutional investor owned 955,806 shares of the real estate investment trust’s stock after selling 383,100 shares during the period. Ameriprise Financial Inc. owned about 0.63% of CYS Investments worth $8,001,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new stake in shares of CYS Investments during the second quarter valued at approximately $19,093,000. Boston Partners raised its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 in the last quarter. Menta Capital LLC bought a new stake in shares of CYS Investments during the first quarter valued at approximately $1,345,000. Finally, Renaissance Technologies LLC bought a new stake in shares of CYS Investments during the first quarter valued at approximately $1,150,000. 61.67% of the stock is currently owned by institutional investors and hedge funds.
CYS Investments Inc. (NYSE:CYS) traded down 0.659% during trading on Thursday, reaching $8.295. 787,928 shares of the company’s stock were exchanged. The company has a market cap of $1.26 billion, a P/E ratio of 9.458 and a beta of 0.60. CYS Investments Inc. has a 12-month low of $5.89 and a 12-month high of $9.21. The stock’s 50-day moving average is $8.81 and its 200-day moving average is $8.48.
CYS Investments (NYSE:CYS) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.26 EPS for the quarter, hitting the 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 last year, the business earned $0.27 earnings per share. Analysts predict that CYS Investments Inc. will post $1.87 EPS for the current fiscal 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.98%. The ex-dividend date is Tuesday, September 20th. CYS Investments’s payout ratio is 112.36%.
Several research firms have recently issued reports on CYS. Zacks Investment Research lowered shares of CYS Investments from a “hold” rating to a “sell” rating in a research report on Monday. Credit Suisse Group AG reissued a “sell” rating and issued a $9.00 price target on shares of CYS Investments in a research report on Friday, September 9th. Compass Point boosted their price target on shares of CYS Investments from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. TheStreet raised shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of CYS Investments from $8.65 to $9.25 and gave the company an “outperform” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently 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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