Xact Kapitalforvaltning AB Invests $215,000 in CYS Investments (CYS)

Xact Kapitalforvaltning AB acquired a new stake in CYS Investments (NYSE:CYS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,836 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in CYS Investments by 69.5% in the third quarter. Russell Investments Group Ltd. now owns 254,832 shares of the real estate investment trust’s stock valued at $2,201,000 after buying an additional 104,530 shares during the period. American International Group Inc. increased its stake in CYS Investments by 8.1% in the third quarter. American International Group Inc. now owns 101,592 shares of the real estate investment trust’s stock valued at $878,000 after purchasing an additional 7,596 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in CYS Investments by 77.3% in the third quarter. Great West Life Assurance Co. Can now owns 22,615 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 9,859 shares in the last quarter. Wells Fargo & Company MN increased its stake in CYS Investments by 22.1% in the third quarter. Wells Fargo & Company MN now owns 211,905 shares of the real estate investment trust’s stock valued at $1,830,000 after purchasing an additional 38,329 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of CYS Investments by 18.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,087,406 shares of the real estate investment trust’s stock worth $9,396,000 after acquiring an additional 170,248 shares in the last quarter. 62.59% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

A number of brokerages have issued reports on CYS. ValuEngine downgraded shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Compass Point upgraded shares of CYS Investments from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.50.

Shares of NYSE:CYS opened at $6.62 on Wednesday. CYS Investments has a one year low of $6.25 and a one year high of $8.98. The firm has a market capitalization of $1,021.64, a PE ratio of 6.52 and a beta of 0.33.

CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). CYS Investments had a net margin of 64.82% and a return on equity of 13.00%. The firm had revenue of $46.18 million for the quarter, compared to analysts’ expectations of $47.00 million. During the same period in the previous year, the company earned $0.24 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 13.29%.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Week Herald and is owned by of Week Herald. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://weekherald.com/2018/04/25/xact-kapitalforvaltning-ab-acquires-new-holdings-in-cys-investments-cys.html.

CYS Investments Profile

CYS Investments, Inc operates as a specialty finance company in the United States. It invests in residential mortgage-backed securities that are issued, and the principal and interest of which are guaranteed by a federally chartered corporation; and debt securities issued by the United States Department of Treasury.

Institutional Ownership by Quarter for CYS Investments (NYSE:CYS)

Receive News & Ratings for CYS Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply