CYS Investments Inc. (NYSE:CYS) Given Average Recommendation of “Hold” by Analysts
Shares of CYS Investments Inc. (NYSE:CYS) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.82.
CYS has been the topic of a number of analyst reports. TheStreet upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Compass Point raised their target price on shares of CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Nomura raised their target price on shares of CYS Investments from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CYS Investments from $8.65 to $9.25 and gave the stock an “outperform” rating in a research report on Friday, July 29th.
CYS Investments (NYSE:CYS) traded down 0.846% during mid-day trading on Friday, hitting $8.795. The stock had a trading volume of 569,574 shares. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 10.029 and a beta of 0.61. CYS Investments has a one year low of $5.89 and a one year high of $9.21. The company has a 50 day moving average price of $8.92 and a 200-day moving average price of $8.44.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/23/cys-investments-inc-nysecys-given-average-recommendation-of-hold-by-analysts.html
CYS Investments (NYSE:CYS) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. CYS Investments had a net margin of 56.96% and a return on equity of 11.38%. During the same quarter in the previous year, the business posted $0.27 earnings per share. Equities analysts expect that CYS Investments will post $1.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Thursday, September 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 11.27%. CYS Investments’s payout ratio is 112.36%.
Several institutional investors have recently bought and sold shares of CYS. Emerald Acquisition Ltd. acquired a new position in CYS Investments during the second quarter valued at $19,093,000. Boston Partners raised its position in CYS Investments by 41.4% in the second quarter. Boston Partners now owns 5,568,285 shares of the real estate investment trust’s stock valued at $46,607,000 after buying an additional 1,631,341 shares during the last quarter. Norges Bank acquired a new position in CYS Investments during the fourth quarter valued at $10,903,000. BlackRock Fund Advisors raised its position in CYS Investments by 16.7% in the second quarter. BlackRock Fund Advisors now owns 8,085,729 shares of the real estate investment trust’s stock valued at $67,678,000 after buying an additional 1,155,381 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in CYS Investments by 181.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,618,027 shares of the real estate investment trust’s stock valued at $13,170,000 after buying an additional 1,043,522 shares during the last quarter. Institutional investors and hedge funds own 61.67% of the company’s stock.
About CYS Investments
CYS Investments, Inc is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency 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 (approximately three, five, seven or 10 years).
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.