CYS Investments Inc (NYSE:CYS) posted its earnings results on Wednesday. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm earned $73.30 million during the quarter, compared to the consensus estimate of $74.83 million. CYS Investments had a return on equity of 10.85% and a net margin of 77.50%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS.
Shares of CYS Investments (NYSE:CYS) opened at 8.47 on Friday. The company’s 50-day moving average price is $7.91 and its 200 day moving average price is $8.01. CYS Investments has a 12-month low of $7.42 and a 12-month high of $9.21. The stock’s market cap is $1.28 billion.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 12th. Investors of record on Thursday, March 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 21st. This represents a $1.00 annualized dividend and a yield of 11.81%. CYS Investments’s payout ratio is presently 84.75%.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded CYS Investments from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research report on Tuesday. Wells Fargo & Co downgraded CYS Investments from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 11th. They noted that the move was a valuation call. TheStreet downgraded CYS Investments from a “c” rating to a “d+” rating in a research report on Thursday, February 16th. Finally, Barclays PLC set a $8.00 target price on CYS Investments and gave the company a “hold” rating in a research report on Saturday, February 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. CYS Investments presently has a consensus rating of “Hold” and a consensus target price of $8.67.
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Several institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new position in shares of CYS Investments during the third quarter valued at approximately $305,000. PNC Financial Services Group Inc. raised its position in shares of CYS Investments by 5.8% in the third quarter. PNC Financial Services Group Inc. now owns 63,923 shares of the real estate investment trust’s stock valued at $558,000 after buying an additional 3,502 shares during the period. Global X Management Co. LLC raised its position in shares of CYS Investments by 12.8% in the third quarter. Global X Management Co. LLC now owns 1,958,050 shares of the real estate investment trust’s stock valued at $17,074,000 after buying an additional 221,845 shares during the period. BlackRock Advisors LLC raised its position in shares of CYS Investments by 10.7% in the third quarter. BlackRock Advisors LLC now owns 79,372 shares of the real estate investment trust’s stock valued at $692,000 after buying an additional 7,698 shares during the period. Finally, BlackRock Inc. raised its position in shares of CYS Investments by 1.0% in the third quarter. BlackRock Inc. now owns 44,626 shares of the real estate investment trust’s stock valued at $389,000 after buying an additional 436 shares during the period. 61.49% of the stock is currently owned by institutional investors and hedge funds.
About CYS Investments
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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