Great West Life Assurance Co. Can Purchases 9,859 Shares of CYS Investments Inc (CYS)
Great West Life Assurance Co. Can lifted its position in shares of CYS Investments Inc (NYSE:CYS) by 77.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,615 shares of the real estate investment trust’s stock after purchasing an additional 9,859 shares during the period. Great West Life Assurance Co. Can’s holdings in CYS Investments were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. increased its stake in shares of CYS Investments by 8.1% during the third quarter. American International Group Inc. now owns 101,592 shares of the real estate investment trust’s stock worth $878,000 after purchasing an additional 7,596 shares during the period. Van ECK Associates Corp grew its position in CYS Investments by 6.8% during the third quarter. Van ECK Associates Corp now owns 762,477 shares of the real estate investment trust’s stock worth $6,588,000 after buying an additional 48,316 shares in the last quarter. Cipher Capital LP grew its position in CYS Investments by 12.1% during the third quarter. Cipher Capital LP now owns 197,814 shares of the real estate investment trust’s stock worth $1,709,000 after buying an additional 21,355 shares in the last quarter. ClariVest Asset Management LLC grew its position in CYS Investments by 3.5% during the third quarter. ClariVest Asset Management LLC now owns 459,151 shares of the real estate investment trust’s stock worth $3,967,000 after buying an additional 15,500 shares in the last quarter. Finally, 361 Capital LLC acquired a new stake in CYS Investments during the third quarter worth approximately $2,053,000. Institutional investors own 62.15% of the company’s stock.
Separately, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price target on shares of CYS Investments in a research report on Thursday, September 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. CYS Investments presently has a consensus rating of “Hold” and a consensus target price of $8.25.
CYS Investments (NYSE:CYS) last issued 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 Zacks’ consensus estimate of $0.25 by ($0.01). The company had revenue of $46.99 million for the quarter, compared to analyst estimates of $54.46 million. CYS Investments had a positive return on equity of 13.30% and a negative net margin of 2.59%. During the same period in the prior year, the company earned $0.27 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, December 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.41%. The ex-dividend date of this dividend is Thursday, December 21st. CYS Investments’s dividend payout ratio is currently -499.98%.
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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