CYS Investments (CYS) Upgraded at Compass Point

Compass Point upgraded shares of CYS Investments (NYSE:CYS) from a sell rating to a neutral rating in a report released on Tuesday, Marketbeat.com reports.

Separately, ValuEngine cut CYS Investments from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Five research 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 a consensus price target of $8.25.

CYS Investments (NYSE CYS) opened at $6.49 on Tuesday. CYS Investments has a 1 year low of $6.26 and a 1 year high of $8.98. The stock has a market capitalization of $990.51, a PE ratio of 6.20 and a beta of 0.37.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, December 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 21st. This represents a $1.00 annualized dividend and a yield of 15.41%. CYS Investments’s dividend payout ratio is currently -499.98%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its stake in CYS Investments by 2.2% during the third quarter. California Public Employees Retirement System now owns 680,759 shares of the real estate investment trust’s stock worth $5,882,000 after purchasing an additional 14,859 shares during the period. Vanguard Group Inc. grew its stake 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 acquiring an additional 73,181 shares during the period. BlackRock Inc. grew its stake in CYS Investments by 4.2% in the second quarter. BlackRock Inc. now owns 15,479,543 shares of the real estate investment trust’s stock valued at $130,183,000 after acquiring an additional 621,106 shares during the period. Boston Partners grew its stake in CYS Investments by 2.9% in the third quarter. Boston Partners now owns 6,155,966 shares of the real estate investment trust’s stock valued at $53,187,000 after acquiring an additional 174,028 shares during the period. Finally, Van ECK Associates Corp grew its stake in CYS Investments by 6.8% in the third quarter. Van ECK Associates Corp now owns 762,477 shares of the real estate investment trust’s stock valued at $6,588,000 after acquiring an additional 48,316 shares during the period. 62.15% of the stock is owned by institutional investors and hedge funds.

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CYS Investments Company 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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