Ruggie Capital Group bought a new position in CYS Investments, Inc. (NYSE:CYS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,600 shares of the real estate investment trust’s stock, valued at approximately $148,000.
Other institutional investors have also modified their holdings of the company. Formidable Asset Management LLC acquired a new position in shares of CYS Investments during the first quarter worth about $114,000. Stratos Wealth Partners LTD. boosted its position in shares of CYS Investments by 7.2% in the second quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 950 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of CYS Investments during the first quarter worth about $121,000. Mackenzie Financial Corp boosted its position 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 worth $149,000 after buying an additional 6,144 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of CYS Investments during the second quarter worth about $151,000. 63.37% of the stock is currently owned by hedge funds and other institutional investors.
CYS Investments, Inc. (CYS) opened at 8.72 on Thursday. The firm has a 50-day moving average of $8.51 and a 200-day moving average of $8.21. The company’s market cap is $1.32 billion. CYS Investments, Inc. has a one year low of $7.42 and a one year high of $9.14.
CYS Investments (NYSE:CYS) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the 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 business had revenue of $50.91 million for the quarter, compared to analyst estimates of $69.70 million. During the same period in the previous year, the business earned $0.26 EPS. On average, analysts predict that CYS Investments, Inc. will post $1.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Thursday, June 22nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $1.00 annualized dividend and a dividend yield of 11.47%. CYS Investments’s dividend payout ratio (DPR) is currently -400.00%.
A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods set a $8.00 target price on shares of CYS Investments and gave the stock a “hold” rating in a report on Saturday, May 27th. BidaskClub cut shares of CYS Investments from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research raised shares of CYS Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.35.
In other news, Director David A. Tyson sold 5,950 shares of CYS Investments stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.50, for a total transaction of $50,575.00. Following the sale, the director now directly owns 22,603 shares in the company, valued at approximately $192,125.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.04% of the stock is currently owned by insiders.
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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