Bank of New York Mellon Corp lessened its position in shares of CYS Investments Inc (NYSE:CYS) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 708,264 shares of the real estate investment trust’s stock after selling 11,601 shares during the quarter. Bank of New York Mellon Corp owned 0.46% of CYS Investments worth $5,687,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CYS. Boston Partners boosted its stake in CYS Investments by 7.5% during the fourth quarter. Boston Partners now owns 6,617,608 shares of the real estate investment trust’s stock valued at $53,139,000 after buying an additional 461,642 shares during the last quarter. Maltese Capital Management LLC purchased a new stake in CYS Investments during the third quarter valued at approximately $1,728,000. Schwab Charles Investment Management Inc. raised its holdings in shares of CYS Investments by 18.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,087,406 shares of the real estate investment trust’s stock worth $9,396,000 after buying an additional 170,248 shares during the period. Comerica Bank raised its holdings in shares of CYS Investments by 57.1% in the fourth quarter. Comerica Bank now owns 326,204 shares of the real estate investment trust’s stock worth $2,417,000 after buying an additional 118,500 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of CYS Investments by 69.5% in the third quarter. Russell Investments Group Ltd. now owns 254,832 shares of the real estate investment trust’s stock worth $2,201,000 after buying an additional 104,530 shares during the period. Institutional investors own 62.77% of the company’s stock.
Shares of CYS Investments stock opened at $6.61 on Friday. CYS Investments Inc has a twelve month low of $6.25 and a twelve month high of $8.98. The stock has a market capitalization of $1,029.39, a P/E ratio of 6.57 and a beta of 0.33.
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 13.31%. The ex-dividend date was Wednesday, March 21st.
Several research analysts recently issued reports on CYS shares. Compass Point raised CYS Investments from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 6th. ValuEngine lowered CYS Investments from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.50.
CYS Investments 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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