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.
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.
TRADEMARK VIOLATION WARNING: This piece of content was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/02/07/cys-investments-cys-upgraded-at-compass-point.html.
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.
Receive News & Ratings for CYS Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments and related companies with MarketBeat.com's FREE daily email newsletter.