Nisa Investment Advisors LLC continued to hold its stake in shares of CYS Investments, Inc. (NYSE:CYS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,200 shares of the real estate investment trust’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in CYS Investments were worth $541,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Formidable Asset Management LLC acquired a new stake in shares of CYS Investments during the first quarter valued at about $114,000. Koch Industries Inc. acquired a new stake in shares of CYS Investments during the first quarter valued at about $121,000. Fox Run Management L.L.C. acquired a new stake in shares of CYS Investments during the second quarter valued at about $151,000. Mackenzie Financial Corp increased its stake in shares of CYS Investments by 48.8% in the first quarter. Mackenzie Financial Corp now owns 18,734 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 6,144 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of CYS Investments by 46.7% in the first quarter. Quantbot Technologies LP now owns 20,463 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 6,518 shares during the period. 63.37% of the stock is currently owned by institutional investors.
Shares of CYS Investments, Inc. (NYSE:CYS) traded down 0.46% during trading on Thursday, hitting $8.68. The stock had a trading volume of 548,136 shares. CYS Investments, Inc. has a 52-week low of $7.42 and a 52-week high of $9.14. The firm’s market cap is $1.32 billion. The firm’s 50-day moving average is $8.51 and its 200 day moving average is $8.21.
CYS Investments (NYSE:CYS) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $50.91 million during the quarter, compared to analyst estimates of $69.70 million. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. During the same period in the prior year, the business posted $0.26 earnings per share. On average, analysts expect that CYS Investments, Inc. will post $1.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $1.00 annualized dividend and a yield of 11.47%. CYS Investments’s payout ratio is -400.00%.
Several equities analysts have weighed in on CYS shares. BidaskClub upgraded CYS Investments from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut CYS Investments from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Keefe, Bruyette & Woods set a $8.00 price target on CYS Investments and gave the company a “hold” rating in a report on Saturday, May 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. CYS Investments has a consensus rating of “Hold” and a consensus target price of $8.35.
In related news, Director David A. Tyson sold 5,950 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $8.50, for a total value of $50,575.00. Following the completion of the transaction, the director now directly owns 22,603 shares in the company, valued at $192,125.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.04% of the company’s stock.
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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