CYS Investments, Inc. (NYSE:CYS)‘s stock had its “hold” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research note issued on Thursday, September 14th. They currently have a $8.50 price objective on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 0.82% from the stock’s current price.
CYS has been the topic of a number of other research reports. BidaskClub raised CYS Investments from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded CYS Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. CYS Investments currently has an average rating of “Hold” and a consensus target price of $8.31.
CYS Investments (NYSE CYS) traded up 1.06% during mid-day trading on Thursday, hitting $8.57. The stock had a trading volume of 2,600,060 shares. The stock’s market cap is $1.30 billion. CYS Investments has a 12 month low of $7.42 and a 12 month high of $8.98. The stock’s 50-day moving average price is $8.73 and its 200-day moving average price is $8.40.
CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $50.91 million for the quarter, compared to analyst estimates of $69.70 million. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. During the same quarter in the previous year, the company earned $0.26 EPS. On average, analysts predict that CYS Investments will post $1.04 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/09/22/cys-investments-inc-cys-receives-hold-rating-from-keefe-bruyette-woods.html.
In related news, Director David A. Tyson sold 5,950 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 22,603 shares in the company, valued at $192,125.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.04% of the company’s stock.
Several large investors have recently modified their holdings of the business. Amalgamated Bank raised its holdings in shares of CYS Investments by 1.0% during the 2nd quarter. Amalgamated Bank now owns 19,252 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 196 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of CYS Investments by 1.7% during 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. Private Advisor Group LLC raised its holdings in CYS Investments by 1.6% in 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 during the period. Sigma Planning Corp raised its holdings in CYS Investments by 2.0% in the 2nd quarter. Sigma Planning Corp now owns 20,122 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 402 shares during the period. Finally, Suntrust Banks Inc. raised its holdings in CYS Investments by 2.8% in the 1st quarter. Suntrust Banks Inc. now owns 23,579 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 646 shares during the period. 62.69% of the stock is owned by institutional investors.
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.
Receive News & Ratings for CYS Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.