CYS Investments, Inc. (NYSE:CYS) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.00.
Several analysts have recently issued reports on CYS shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price target on shares of CYS Investments in a research report on Thursday, September 14th. BidaskClub raised shares of CYS Investments from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th.
TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/12/08/cys-investments-inc-cys-receives-8-00-average-target-price-from-analysts.html.
Shares of CYS Investments (NYSE CYS) traded up $0.09 on Friday, hitting $8.24. 984,400 shares of the stock traded hands, compared to its average volume of 1,358,894. The firm has a market capitalization of $1,263.33, a PE ratio of 7.91 and a beta of 0.63. CYS Investments has a 1-year low of $7.42 and a 1-year high of $8.98.
CYS Investments (NYSE:CYS) last issued its quarterly earnings results 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). The business had revenue of $46.99 million for the quarter, compared to analyst estimates of $54.46 million. CYS Investments had a positive return on equity of 13.30% and a negative net margin of 2.59%. During the same period in the prior year, the company posted $0.27 EPS.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in CYS Investments by 4.2% in the second quarter. BlackRock Inc. now owns 15,479,543 shares of the real estate investment trust’s stock valued at $130,183,000 after acquiring an additional 621,106 shares in the last quarter. Vanguard Group Inc. raised its holdings in CYS Investments by 0.6% in the second quarter. Vanguard Group Inc. now owns 12,648,858 shares of the real estate investment trust’s stock valued at $106,378,000 after acquiring an additional 73,181 shares in the last quarter. Boston Partners raised its holdings in CYS Investments by 2.9% in the third quarter. Boston Partners now owns 6,155,966 shares of the real estate investment trust’s stock valued at $53,187,000 after acquiring an additional 174,028 shares in the last quarter. State Street Corp raised its holdings in CYS Investments by 3.8% in the second quarter. State Street Corp now owns 3,650,507 shares of the real estate investment trust’s stock valued at $30,700,000 after acquiring an additional 134,802 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in CYS Investments by 4.0% in the third quarter. Global X MANAGEMENT CO LLC now owns 2,323,718 shares of the real estate investment trust’s stock valued at $20,077,000 after acquiring an additional 88,804 shares in the last quarter. 59.92% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for CYS Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.