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.
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.
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%.
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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.
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