CYS Investments, Inc. (NYSE:CYS) Earns Hold Rating from Keefe, Bruyette & Woods

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.

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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.

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