CYS Investments, Inc. (CYS) Receives $8.00 Average Target Price from Analysts

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.

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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.

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