Legal & General Group Plc reduced its stake in shares of CYS Investments, Inc. (NYSE:CYS) by 4.4% during the first quarter, Holdings Channel reports. The firm owned 76,921 shares of the real estate investment trust’s stock after selling 3,554 shares during the period. Legal & General Group Plc’s holdings in CYS Investments were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in CYS Investments by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 5,790,647 shares of the real estate investment trust’s stock valued at $46,036,000 after buying an additional 257,658 shares during the period. OppenheimerFunds Inc. increased its stake in CYS Investments by 3.9% in the first quarter. OppenheimerFunds Inc. now owns 3,526,439 shares of the real estate investment trust’s stock valued at $28,035,000 after buying an additional 131,900 shares during the period. Norges Bank bought a new stake in CYS Investments during the fourth quarter valued at $13,263,000. Confluence Investment Management LLC increased its stake in CYS Investments by 12.9% in the first quarter. Confluence Investment Management LLC now owns 874,326 shares of the real estate investment trust’s stock valued at $6,950,000 after buying an additional 100,000 shares during the period. Finally, Old Mutual Global Investors UK Ltd. increased its stake in CYS Investments by 36.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 815,741 shares of the real estate investment trust’s stock valued at $6,485,000 after buying an additional 216,713 shares during the period. Hedge funds and other institutional investors own 63.27% of the company’s stock.

CYS Investments, Inc. (CYS) opened at 8.5999 on Friday. The firm has a 50 day moving average of $8.54 and a 200 day moving average of $8.18. CYS Investments, Inc. has a 1-year low of $7.42 and a 1-year high of $9.21. The firm’s market cap is $1.31 billion.

CYS Investments (NYSE:CYS) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $69.70 million. During the same quarter last year, the firm posted $0.26 EPS. On average, equities research analysts expect 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date was Tuesday, June 20th. CYS Investments’s dividend payout ratio is presently -400.00%.

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CYS has been the subject of several research reports. Zacks Investment Research upgraded shares of CYS Investments from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a report on Tuesday, April 18th. BidaskClub downgraded shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Keefe, Bruyette & Woods set a $8.00 price target on shares of CYS Investments and gave the stock a “hold” rating in a research note on Saturday, May 27th. Finally, Wells Fargo & Company downgraded shares of CYS Investments from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 11th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $8.35.

In other news, Director David A. Tyson sold 5,950 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.50, for a total value of $50,575.00. Following the transaction, the director now owns 22,603 shares of the company’s stock, valued at approximately $192,125.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.04% of the company’s stock.

About CYS Investments

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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Institutional Ownership by Quarter for CYS Investments (NYSE:CYS)

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