ClariVest Asset Management LLC boosted its stake in shares of CYS Investments (NYSE:CYS) by 27.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 447,941 shares of the real estate investment trust’s stock after buying an additional 95,300 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.29% of CYS Investments worth $3,009,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CYS. Virginia Retirement Systems ET AL bought a new position in CYS Investments during the first quarter valued at about $122,000. Atria Investments LLC bought a new position in CYS Investments during the first quarter valued at about $178,000. Campbell & CO Investment Adviser LLC bought a new position in CYS Investments during the first quarter valued at about $183,000. Xact Kapitalforvaltning AB bought a new position in CYS Investments during the fourth quarter valued at about $215,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in CYS Investments during the fourth quarter valued at about $260,000. Institutional investors own 63.51% of the company’s stock.
CYS Investments opened at $7.15 on Friday, according to Marketbeat. The stock has a market cap of $1.11 billion, a P/E ratio of 7.36 and a beta of 0.31. CYS Investments has a fifty-two week low of $6.25 and a fifty-two week high of $8.98.
CYS Investments (NYSE:CYS) last posted its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $47.56 million during the quarter, compared to analyst estimates of $43.70 million. CYS Investments had a net margin of 13.13% and a return on equity of 12.54%. The firm’s revenue for the quarter was down 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share.
Several research firms recently weighed in on CYS. ValuEngine lowered shares of CYS Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Compass Point upgraded shares of CYS Investments from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. CYS Investments currently has an average rating of “Hold” and an average target price of $8.50.
CYS Investments Company 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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