CYS Investments Inc. (CYS) Position Boosted by First Trust Advisors LP
First Trust Advisors LP increased its stake in shares of CYS Investments Inc. (NYSE:CYS) by 1,100.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,601,772 shares of the real estate investment trust’s stock after buying an additional 1,468,382 shares during the period. First Trust Advisors LP owned about 1.06% of CYS Investments worth $13,967,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Advisors LLC increased its position in shares of CYS Investments by 0.4% in the second quarter. BlackRock Advisors LLC now owns 71,674 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 316 shares during the last quarter. Private Advisor Group LLC increased its position in shares of CYS Investments by 2.7% in the second quarter. Private Advisor Group LLC now owns 14,094 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 371 shares during the last quarter. Raymond James & Associates increased its position in shares of CYS Investments by 1.0% in the second quarter. Raymond James & Associates now owns 39,448 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 406 shares during the last quarter. Profund Advisors LLC increased its position in shares of CYS Investments by 3.7% in the second quarter. Profund Advisors LLC now owns 13,084 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 472 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of CYS Investments by 3.5% in the second quarter. Suntrust Banks Inc. now owns 24,401 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 836 shares during the last quarter. 62.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of CYS Investments Inc. (NYSE:CYS) traded up 1.046% during midday trading on Tuesday, hitting $8.215. The company had a trading volume of 543,655 shares. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.039 and a beta of 0.63. CYS Investments Inc. has a one year low of $5.89 and a one year high of $9.21. The stock’s 50-day moving average price is $8.31 and its 200-day moving average price is $8.53.
CYS Investments (NYSE:CYS) last issued its earnings results on Thursday, October 27th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The firm had revenue of $69.70 million for the quarter, compared to the consensus estimate of $71.75 million. CYS Investments had a return on equity of 10.85% and a net margin of 77.50%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. Analysts predict that CYS Investments Inc. will post $1.87 EPS for the current year.
Several equities analysts have issued reports on the company. Compass Point lifted their price objective on CYS Investments from $8.50 to $9.00 and gave the company a “neutral” rating in a research report 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. Finally, Zacks Investment Research downgraded CYS Investments from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. CYS Investments presently has an average rating of “Hold” and a consensus price target of $8.72.
In other news, CEO Kevin E. Grant sold 174,911 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $8.60, for a total value of $1,504,234.60. Following the completion of the transaction, the chief executive officer now directly owns 649,491 shares in the company, valued at approximately $5,585,622.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Tyson sold 6,290 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $8.48, for a total value of $53,339.20. Following the completion of the transaction, the director now owns 20,641 shares of the company’s stock, valued at $175,035.68. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
CYS Investments Company Profile
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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