Cambridge Investment Research Advisors Inc. lowered its stake in shares of CYS Investments Inc (NYSE:CYS) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,833 shares of the real estate investment trust’s stock after selling 8,333 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.06% of CYS Investments worth $802,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in CYS. Boston Partners raised its holdings in CYS Investments by 7.5% during the fourth quarter. Boston Partners now owns 6,617,608 shares of the real estate investment trust’s stock worth $53,139,000 after purchasing an additional 461,642 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of CYS Investments by 62.2% in the 4th quarter. Two Sigma Investments LP now owns 646,091 shares of the real estate investment trust’s stock valued at $5,188,000 after acquiring an additional 247,709 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of CYS Investments by 18.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,087,406 shares of the real estate investment trust’s stock valued at $9,396,000 after acquiring an additional 170,248 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of CYS Investments by 446.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 170,036 shares of the real estate investment trust’s stock valued at $1,365,000 after acquiring an additional 138,904 shares during the period. Finally, Comerica Bank increased its holdings in shares of CYS Investments by 57.1% in the 4th quarter. Comerica Bank now owns 326,204 shares of the real estate investment trust’s stock valued at $2,417,000 after acquiring an additional 118,500 shares during the period. 62.77% of the stock is currently owned by institutional investors.
Shares of CYS opened at $6.79 on Monday. The firm has a market capitalization of $1,052.64, a price-to-earnings ratio of 6.72 and a beta of 0.33. CYS Investments Inc has a 1 year low of $6.25 and a 1 year high of $8.98.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be paid a $0.22 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $0.88 annualized dividend and a yield of 12.96%.
CYS has been the topic of a number of recent research reports. Compass Point raised shares of CYS Investments from a “sell” rating to a “neutral” rating in a report on Tuesday, February 6th. ValuEngine cut shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.50.
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CYS Investments 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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