Neuberger Berman Group LLC cut its position in CYS Investments, Inc. (NYSE:CYS) by 10.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,367 shares of the real estate investment trust’s stock after selling 3,320 shares during the period. Neuberger Berman Group LLC’s holdings in CYS Investments were worth $233,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in CYS. Russell Investments Group Ltd. acquired a new position in shares of CYS Investments during the fourth quarter worth $4,465,000. Comerica Bank increased its position in shares of CYS Investments by 244.0% in the fourth quarter. Comerica Bank now owns 235,538 shares of the real estate investment trust’s stock worth $1,865,000 after buying an additional 167,069 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of CYS Investments by 0.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,681 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 125 shares in the last quarter. Pacad Investment Ltd. increased its position in shares of CYS Investments by 103.2% in the fourth quarter. Pacad Investment Ltd. now owns 22,500 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 11,426 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of CYS Investments by 20.1% in the fourth quarter. Guggenheim Capital LLC now owns 389,656 shares of the real estate investment trust’s stock worth $3,012,000 after buying an additional 65,251 shares in the last quarter. 63.37% of the stock is currently owned by institutional investors.
CYS Investments, Inc. (CYS) remained flat at $8.42 on Friday. 884,035 shares of the company’s stock traded hands. CYS Investments, Inc. has a 1-year low of $7.42 and a 1-year high of $9.21. The company’s market cap is $1.28 billion. The company’s 50-day moving average is $8.54 and its 200 day moving average is $8.17.
CYS Investments (NYSE:CYS) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $50.91 million during the quarter, compared to analysts’ expectations of $69.70 million. CYS Investments had a negative net margin of 5.86% and a positive return on equity of 12.52%. During the same period in the previous year, the company earned $0.26 earnings per share. On average, equities research analysts anticipate that CYS Investments, Inc. will post $1.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Thursday, June 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 20th. This represents a $1.00 annualized dividend and a dividend yield of 11.88%. CYS Investments’s payout ratio is -400.00%.
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A number of research analysts have commented on the company. BidaskClub upgraded CYS Investments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Zacks Investment Research cut CYS Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods set a $8.00 price objective on CYS Investments and gave the stock a “hold” rating in a research report on Saturday, May 27th. Finally, Wells Fargo & Company cut 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. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.35.
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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