CYS Investments, Inc. (NYSE:CYS) Stock Rating Upgraded by BidaskClub
CYS Investments, Inc. (NYSE:CYS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
A number of other brokerages have also weighed in on CYS. Keefe, Bruyette & Woods set a $8.00 target price on CYS Investments and gave the stock a “hold” rating in a research report on Saturday, May 27th. Zacks Investment Research lowered CYS Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.35.
Shares of CYS Investments (CYS) traded down 0.057% during mid-day trading on Thursday, reaching $8.715. 257,167 shares of the company’s stock traded hands. The company has a 50 day moving average of $8.52 and a 200 day moving average of $8.21. The company’s market cap is $1.32 billion. CYS Investments has a 12 month low of $7.42 and a 12 month high of $9.14.
CYS Investments (NYSE:CYS) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. The firm 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 firm earned $0.26 earnings per share. Analysts expect that CYS Investments will post $1.04 earnings per share for the current fiscal year.
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In other news, Director David A. Tyson sold 5,950 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $8.50, for a total transaction of $50,575.00. Following the transaction, the director now directly owns 22,603 shares of the company’s stock, valued at $192,125.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC raised its position in shares of CYS Investments by 1.2% in the first quarter. Parametric Portfolio Associates LLC now owns 500,675 shares of the real estate investment trust’s stock worth $3,980,000 after buying an additional 6,103 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of CYS Investments during the first quarter valued at about $528,000. UBS Asset Management Americas Inc. increased its stake in shares of CYS Investments by 40.1% in the first quarter. UBS Asset Management Americas Inc. now owns 104,022 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 29,756 shares during the period. Swiss National Bank increased its stake in shares of CYS Investments by 2.6% in the first quarter. Swiss National Bank now owns 249,100 shares of the real estate investment trust’s stock valued at $1,980,000 after buying an additional 6,400 shares during the period. Finally, Suntrust Banks Inc. increased its stake in shares of CYS Investments by 2.8% in the first quarter. Suntrust Banks Inc. now owns 23,579 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 646 shares during the period. 63.37% of the stock is currently owned by institutional investors.
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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