CYS Investments Inc (CYS) Stake Boosted by LSV Asset Management
LSV Asset Management increased its holdings in shares of CYS Investments Inc (NYSE:CYS) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,207,300 shares of the real estate investment trust’s stock after purchasing an additional 14,200 shares during the period. LSV Asset Management’s holdings in CYS Investments were worth $9,694,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Profund Advisors LLC lifted its holdings in shares of CYS Investments by 1.7% during the 2nd 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. lifted its holdings in shares of CYS Investments by 9.0% during the 2nd 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. Barings LLC bought a new position in shares of CYS Investments during the 3rd quarter valued at about $129,000. Amalgamated Bank lifted its holdings in shares of CYS Investments by 1.0% during the 2nd quarter. Amalgamated Bank now owns 19,252 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 196 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of CYS Investments by 28.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,946 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 4,441 shares in the last quarter. Institutional investors and hedge funds own 62.15% of the company’s stock.
CYS has been the topic of several recent analyst reports. Compass Point upgraded CYS Investments from a “sell” rating to a “neutral” rating in a report on Tuesday, February 6th. ValuEngine cut CYS Investments from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $8.25.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, December 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 15.70%. The ex-dividend date is Thursday, December 21st. CYS Investments’s payout ratio is -499.98%.
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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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