CYS Investments, Inc. (CYS) Receives $8.13 Average PT from Brokerages
Shares of CYS Investments, Inc. (NYSE:CYS) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $7.83.
Several research firms have recently commented on CYS. BidaskClub raised shares of CYS Investments from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Keefe, Bruyette & Woods set a $8.00 target price on shares of CYS Investments and gave the stock a “hold” rating in a research report on Saturday, May 27th. Finally, Zacks Investment Research cut shares of CYS Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th.
In other news, Director David A. Tyson sold 5,950 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.50, for a total value of $50,575.00. Following the completion of the sale, the director now directly owns 22,603 shares of the company’s stock, valued at approximately $192,125.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Profund Advisors LLC increased its stake in shares of CYS Investments by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 11,900 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 196 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of CYS Investments by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,300 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 1,096 shares in the last quarter. Formidable Asset Management LLC bought a new position in shares of CYS Investments in the 1st quarter worth about $114,000. Stratos Wealth Partners LTD. increased its stake in shares of CYS Investments by 7.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 950 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in shares of CYS Investments in the 1st quarter worth about $121,000. Institutional investors own 62.80% of the company’s stock.
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CYS Investments (CYS) remained flat at $8.77 during midday trading on Tuesday. 816,315 shares of the company’s stock were exchanged. The company has a 50-day moving average price of $8.66 and a 200-day moving average price of $8.35. The stock’s market cap is $1.33 billion. CYS Investments has a 52 week low of $7.42 and a 52 week high of $8.99.
CYS Investments (NYSE:CYS) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $50.91 million during the quarter, compared to analysts’ expectations of $69.70 million. During the same period last year, the company posted $0.26 EPS. Equities research analysts forecast that CYS Investments will post $1.04 EPS for the current fiscal year.
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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