Boston Partners Has $53.19 Million Stake in CYS Investments, Inc. (CYS)
Boston Partners grew its position in CYS Investments, Inc. (NYSE:CYS) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,155,966 shares of the real estate investment trust’s stock after purchasing an additional 174,028 shares during the quarter. Boston Partners owned approximately 4.06% of CYS Investments worth $53,187,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Profund Advisors LLC raised its holdings 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 valued at $100,000 after purchasing an additional 196 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings 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 valued at $112,000 after purchasing an additional 1,096 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in CYS Investments by 7.2% during 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. Private Advisor Group LLC raised its stake in CYS Investments by 1.6% during the 2nd quarter. Private Advisor Group LLC now owns 16,669 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 266 shares in the last quarter. Finally, Ruggie Capital Group acquired a new stake in CYS Investments during the 2nd quarter worth $148,000. Institutional investors and hedge funds own 61.38% of the company’s stock.
CYS has been the topic of several research analyst reports. BidaskClub upgraded shares of CYS Investments from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.50 price target on shares of CYS Investments in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.00.
Shares of CYS Investments, Inc. (NYSE CYS) opened at $7.89 on Friday. CYS Investments, Inc. has a one year low of $7.42 and a one year high of $8.98. The company has a market cap of $1,223.03, a price-to-earnings ratio of 7.66 and a beta of 0.63.
CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). CYS Investments had a positive return on equity of 13.30% and a negative net margin of 2.59%. The company had revenue of $46.99 million for the quarter, compared to analyst estimates of $54.46 million. During the same quarter in the prior year, the business earned $0.27 earnings per share.
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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