California State Teachers Retirement System lowered its stake in shares of CYS Investments, Inc. (NYSE:CYS) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,474 shares of the real estate investment trust’s stock after selling 30,076 shares during the quarter. California State Teachers Retirement System owned about 0.18% of CYS Investments worth $2,258,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CYS. UBS Asset Management Americas Inc. increased its position in CYS Investments by 40.1% during the first quarter. UBS Asset Management Americas Inc. now owns 104,022 shares of the real estate investment trust’s stock worth $827,000 after acquiring an additional 29,756 shares during the period. Teachers Advisors LLC increased its position in CYS Investments by 17.5% during the first quarter. Teachers Advisors LLC now owns 295,191 shares of the real estate investment trust’s stock worth $2,347,000 after acquiring an additional 43,997 shares during the period. TIAA CREF Investment Management LLC increased its position in CYS Investments by 27.8% during the first quarter. TIAA CREF Investment Management LLC now owns 559,385 shares of the real estate investment trust’s stock worth $4,447,000 after acquiring an additional 121,767 shares during the period. Vanguard Group Inc. increased its holdings in CYS Investments by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 12,575,677 shares of the real estate investment trust’s stock valued at $99,976,000 after buying an additional 787,924 shares during the period. Finally, Geode Capital Management LLC increased its holdings in CYS Investments by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 1,167,557 shares of the real estate investment trust’s stock valued at $9,282,000 after buying an additional 38,078 shares during the period. 61.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of CYS Investments, Inc. (NYSE CYS) opened at $7.96 on Tuesday. The stock has a market cap of $1,223.03, a price-to-earnings ratio of 7.66 and a beta of 0.63. CYS Investments, Inc. has a fifty-two week low of $7.42 and a fifty-two week high of $8.98.

CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). CYS Investments had a negative net margin of 2.59% and a positive return on equity of 13.30%. The business had revenue of $46.99 million during the quarter, compared to the consensus estimate of $54.46 million. During the same period last year, the firm earned $0.27 EPS.

CYS has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.50 price target on shares of CYS Investments in a report on Thursday, September 14th. BidaskClub raised shares of CYS Investments from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. 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 company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.00.

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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.

Institutional Ownership by Quarter for CYS Investments (NYSE:CYS)

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