Keefe, Bruyette & Woods Reiterates Hold Rating for CYS Investments, Inc. (CYS)
CYS Investments, Inc. (NYSE:CYS)‘s stock had its “hold” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Thursday. They presently have a $8.50 price objective on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 3.19% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of CYS Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut shares of CYS Investments from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. CYS Investments currently has a consensus rating of “Hold” and a consensus price target of $8.31.
Shares of CYS Investments (NYSE:CYS) opened at 8.78 on Thursday. CYS Investments has a 52 week low of $7.42 and a 52 week high of $8.98. The firm’s market capitalization is $1.33 billion. The stock has a 50 day moving average of $8.71 and a 200-day moving average of $8.38.
CYS Investments (NYSE:CYS) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $69.70 million. During the same period last year, the business earned $0.26 earnings per share. Equities analysts anticipate 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 CYS Investments stock in a transaction 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 completion of the sale, the director now owns 22,603 shares of the company’s stock, valued at $192,125.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of CYS Investments by 11.1% during the first quarter. Van ECK Associates Corp now owns 602,917 shares of the real estate investment trust’s stock worth $4,793,000 after buying an additional 60,037 shares in the last quarter. Boston Private Wealth LLC acquired a new stake in shares of CYS Investments during the first quarter worth $318,000. James Investment Research Inc. acquired a new stake in shares of CYS Investments during the second quarter worth $1,271,000. Swiss National Bank lifted its holdings in shares of CYS Investments by 2.6% during the first quarter. Swiss National Bank now owns 249,100 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 6,400 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of CYS Investments during the first quarter worth $2,220,000. 62.80% of the stock is 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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