CYS Investments, Inc. (CYS) Shares Bought by Advisor Group Inc.
Advisor Group Inc. lifted its holdings in shares of CYS Investments, Inc. (NYSE:CYS) by 15.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 84,607 shares of the real estate investment trust’s stock after acquiring an additional 11,169 shares during the period. Advisor Group Inc. owned approximately 0.06% of CYS Investments worth $711,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of CYS Investments by 4.2% during the second quarter. BlackRock Inc. now owns 15,479,543 shares of the real estate investment trust’s stock valued at $130,183,000 after acquiring an additional 621,106 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CYS Investments by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,648,858 shares of the real estate investment trust’s stock valued at $106,378,000 after purchasing an additional 73,181 shares during the last quarter. Boston Partners raised its position in shares of CYS Investments by 2.3% in the 2nd quarter. Boston Partners now owns 5,981,938 shares of the real estate investment trust’s stock valued at $50,308,000 after purchasing an additional 135,476 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of CYS Investments by 4.7% in the 1st quarter. JPMorgan Chase & Co. now owns 5,790,647 shares of the real estate investment trust’s stock valued at $46,036,000 after purchasing an additional 257,658 shares during the last quarter. Finally, UBS Group AG raised its position in shares of CYS Investments by 27.1% in the 1st quarter. UBS Group AG now owns 3,558,229 shares of the real estate investment trust’s stock valued at $28,288,000 after purchasing an additional 757,593 shares during the last quarter. Institutional investors and hedge funds own 62.69% of the company’s stock.
Shares of CYS Investments, Inc. (CYS) opened at 8.71 on Wednesday. The firm’s 50-day moving average price is $8.73 and its 200 day moving average price is $8.47. The stock’s market cap is $1.32 billion. CYS Investments, Inc. has a 1-year low of $7.42 and a 1-year high of $8.98.
CYS Investments (NYSE:CYS) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $50.91 million for the quarter, compared to analysts’ expectations of $69.70 million. During the same quarter last year, the company earned $0.26 earnings per share. On average, equities analysts expect that CYS Investments, Inc. will post $1.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date is Friday, September 22nd. CYS Investments’s dividend payout ratio (DPR) is -400.00%.
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In related news, Director David A. Tyson sold 5,950 shares of CYS Investments stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.50, for a total transaction of $50,575.00. Following the sale, the director now directly owns 22,603 shares in the company, valued at approximately $192,125.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.04% of the company’s stock.
CYS has been the topic of several research analyst reports. Zacks Investment Research raised shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of CYS Investments from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $8.50 price target on shares of CYS Investments in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. CYS Investments currently has a consensus rating of “Hold” and an average price target of $8.31.
CYS Investments 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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