SG Americas Securities LLC increased its position in shares of CYS Investments Inc (NYSE:CYS) by 56.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,992 shares of the real estate investment trust’s stock after buying an additional 40,223 shares during the period. SG Americas Securities LLC owned about 0.07% of CYS Investments worth $968,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in CYS Investments by 17.5% in the first quarter. Teachers Advisors LLC now owns 295,191 shares of the real estate investment trust’s stock valued at $2,347,000 after purchasing an additional 43,997 shares during the last quarter. State Street Corp grew its position in shares of CYS Investments by 1.8% during the first quarter. State Street Corp now owns 3,515,705 shares of the real estate investment trust’s stock worth $27,951,000 after acquiring an additional 63,390 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of CYS Investments by 7.2% during the second quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 950 shares during the last quarter. Global X Management Co. LLC grew its position in shares of CYS Investments by 7.0% during the second quarter. Global X Management Co. LLC now owns 2,234,914 shares of the real estate investment trust’s stock worth $18,796,000 after acquiring an additional 145,466 shares during the last quarter. Finally, Ruggie Capital Group purchased a new position in shares of CYS Investments during the second quarter worth approximately $148,000. Hedge funds and other institutional investors own 62.29% of the company’s stock.
Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 price target on shares of CYS Investments in a report on Thursday, September 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.25.
Shares of CYS Investments Inc (NYSE:CYS) opened at $8.27 on Tuesday. CYS Investments Inc has a fifty-two week low of $7.42 and a fifty-two week high of $8.98. The company has a market capitalization of $1,280.38, a price-to-earnings ratio of 8.02 and a beta of 0.62.
CYS Investments (NYSE:CYS) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). CYS Investments had a negative net margin of 2.59% and a positive return on equity of 13.30%. The business had revenue of $46.99 million during the quarter, compared to analyst estimates of $54.46 million. During the same period last year, the business posted $0.27 EPS.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, December 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.09%. The ex-dividend date is Thursday, December 21st. CYS Investments’s dividend payout ratio is currently -499.98%.
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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