Cubist Systematic Strategies LLC acquired a new stake in CYS Investments, Inc. (NYSE:CYS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,714 shares of the real estate investment trust’s stock, valued at approximately $258,000.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in CYS Investments by 0.6% in the second quarter. Vanguard Group Inc. now owns 12,648,858 shares of the real estate investment trust’s stock valued at $106,378,000 after purchasing an additional 73,181 shares during the period. BlackRock Inc. increased its position in shares of CYS Investments by 4.2% during the second quarter. BlackRock Inc. now owns 15,479,543 shares of the real estate investment trust’s stock worth $130,183,000 after acquiring an additional 621,106 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of CYS Investments by 13.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 917,158 shares of the real estate investment trust’s stock worth $7,714,000 after acquiring an additional 111,976 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of CYS Investments during the second quarter worth about $1,271,000. Finally, Van ECK Associates Corp increased its position in shares of CYS Investments by 18.5% during the second quarter. Van ECK Associates Corp now owns 714,161 shares of the real estate investment trust’s stock worth $6,006,000 after acquiring an additional 111,244 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors.
Shares of CYS Investments, Inc. (NYSE CYS) opened at 8.00 on Wednesday. The stock’s market capitalization is $1.21 billion. CYS Investments, Inc. 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 $8.60 and its 200-day moving average price is $8.54.
CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). The company had revenue of $46.99 million for the quarter, compared to analyst estimates of $54.46 million. CYS Investments had a negative net margin of 2.59% and a positive return on equity of 13.30%. During the same period in the prior year, the company posted $0.27 EPS. Equities analysts forecast that CYS Investments, Inc. will post $1.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Monday, September 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.50%. The ex-dividend date of this dividend was Friday, September 22nd. CYS Investments’s dividend payout ratio is currently -499.98%.
CYS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 target price on shares of CYS Investments in a research report on Thursday, September 14th. Zacks Investment Research raised CYS Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub lowered CYS Investments from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $8.00.
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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