CYS Investments, Inc. (CYS) Short Interest Update
CYS Investments, Inc. (NYSE:CYS) was the recipient of a large decrease in short interest in the month of September. As of September 29th, there was short interest totalling 2,134,527 shares, a decrease of 46.5% from the September 15th total of 3,992,631 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 1,784,371 shares, the days-to-cover ratio is presently 1.2 days.
A number of equities analysts have recently commented on CYS shares. Zacks Investment Research raised CYS Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut CYS Investments from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price target on shares of CYS Investments in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.00.
CYS Investments (NYSE:CYS) opened at 8.70 on Wednesday. CYS Investments 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 $8.70 and its 200-day moving average price is $8.52. The firm’s market cap is $1.32 billion.
CYS Investments (NYSE:CYS) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $50.91 million during the quarter, compared to analyst estimates of $69.70 million. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. During the same quarter last year, the company earned $0.26 earnings per share. Equities research analysts anticipate that CYS Investments will post $1.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Monday, September 25th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 11.49%. CYS Investments’s payout ratio is -400.00%.
In other news, Director David A. Tyson sold 5,950 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.50, for a total transaction of $50,575.00. Following the completion of the sale, the director now directly owns 22,603 shares in the company, valued at approximately $192,125.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Profund Advisors LLC raised its position in CYS Investments by 1.7% during the second quarter. Profund Advisors LLC now owns 11,900 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 196 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in CYS Investments by 9.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,300 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,096 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in 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 valued at $119,000 after purchasing an additional 950 shares in the last quarter. Private Advisor Group LLC raised its position in CYS Investments by 1.6% during the second quarter. Private Advisor Group LLC now owns 16,669 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 266 shares in the last quarter. Finally, Ruggie Capital Group purchased a new stake in CYS Investments during the second quarter valued at about $148,000. Institutional investors and hedge funds own 62.69% of the company’s stock.
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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