Wedge Capital Management L L P NC Trims Stake in CYS Investments, Inc. (CYS)
Wedge Capital Management L L P NC cut its stake in shares of CYS Investments, Inc. (NYSE:CYS) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,930,788 shares of the real estate investment trust’s stock after selling 127,325 shares during the quarter. Wedge Capital Management L L P NC owned 1.27% of CYS Investments worth $16,682,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CYS. Profund Advisors LLC boosted its stake 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 worth $100,000 after acquiring an additional 196 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake 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 worth $112,000 after acquiring an additional 1,096 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of CYS Investments by 7.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,203 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 950 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of CYS Investments by 1.6% in the second quarter. Private Advisor Group LLC now owns 16,669 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 266 shares during the period. Finally, Ruggie Capital Group acquired a new stake in shares of CYS Investments in the second quarter worth $148,000. 61.38% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on CYS. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.50 target price on shares of CYS Investments in a research report on Thursday, September 14th. BidaskClub raised CYS Investments from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised CYS Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.00.
Shares of CYS Investments, Inc. (NYSE CYS) opened at $7.88 on Tuesday. CYS Investments, Inc. has a 1-year low of $7.42 and a 1-year high of $8.98. The stock has a market capitalization of $1,220.00, a price-to-earnings ratio of 7.74 and a beta of 0.63.
CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). CYS Investments had a positive return on equity of 13.30% and a negative net margin of 2.59%. The firm had revenue of $46.99 million for the quarter, compared to analysts’ expectations of $54.46 million. During the same quarter in the prior year, the business posted $0.27 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Monday, September 25th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 22nd. This represents a $1.00 annualized dividend and a dividend yield of 12.69%. CYS Investments’s dividend payout ratio is -500.00%.
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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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