Tocqueville Asset Management L.P. Boosts Position in CYS Investments, Inc. (CYS)
Tocqueville Asset Management L.P. increased its stake in shares of CYS Investments, Inc. (NYSE:CYS) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,600 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. Tocqueville Asset Management L.P.’s holdings in CYS Investments were worth $316,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of CYS. BlackRock Inc. raised its position in shares of CYS Investments by 35,816.0% in the first quarter. BlackRock Inc. now owns 14,858,437 shares of the real estate investment trust’s stock worth $118,124,000 after buying an additional 14,817,067 shares in the last quarter. Vanguard Group Inc. raised its position in shares of CYS Investments by 6.7% in the first quarter. Vanguard Group Inc. now owns 12,575,677 shares of the real estate investment trust’s stock worth $99,976,000 after buying an additional 787,924 shares in the last quarter. UBS Group AG raised its position in shares of CYS Investments by 27.1% in the first quarter. UBS Group AG now owns 3,558,229 shares of the real estate investment trust’s stock worth $28,288,000 after buying an additional 757,593 shares in the last quarter. PVG Asset Management Corp acquired a new position in shares of CYS Investments during the first quarter worth $5,043,000. Finally, Harbour Capital Advisors LLC raised its position in shares of CYS Investments by 741.0% in the second quarter. Harbour Capital Advisors LLC now owns 459,186 shares of the real estate investment trust’s stock worth $54,600,000 after buying an additional 404,586 shares in the last quarter. Hedge funds and other institutional investors own 62.80% of the company’s stock.
CYS Investments, Inc. (NYSE CYS) opened at 8.71 on Thursday. CYS Investments, Inc. has a 52-week low of $7.42 and a 52-week high of $9.06. The stock has a 50 day moving average of $8.57 and a 200-day moving average of $8.29. The company’s market capitalization 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 EPS for the quarter, beating the Zacks’ 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 positive return on equity of 12.69% and a negative net margin of 5.86%. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities research analysts anticipate that CYS Investments, Inc. will post $1.04 earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on CYS shares. Zacks Investment Research upgraded shares of CYS Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods set a $8.00 target price on shares of CYS Investments and gave the stock a “hold” rating in a research report on Saturday, May 27th. Finally, BidaskClub lowered shares of CYS Investments from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.35.
In other news, Director David A. Tyson sold 5,950 shares of CYS Investments stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $8.50, for a total value of $50,575.00. Following the sale, the director now directly owns 22,603 shares of the company’s stock, valued at $192,125.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.04% of the company’s stock.
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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