CYS Investments, Inc. (NYSE:CYS) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01), Bloomberg Earnings reports. CYS Investments had a negative net margin of 5.86% and a positive return on equity of 12.69%. During the same period in the prior year, the company earned $0.27 EPS.
CYS Investments (CYS) traded down 1.77% on Wednesday, hitting $8.31. The stock had a trading volume of 1,556,851 shares. The company’s 50 day moving average is $8.67 and its 200-day moving average is $8.55. CYS Investments has a 12 month low of $7.42 and a 12 month high of $8.98. The stock’s market cap is $1.26 billion.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Monday, September 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.03%. CYS Investments’s payout ratio is currently -400.00%.
In related news, Director David A. Tyson sold 5,950 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $8.50, for a total transaction of $50,575.00. Following the sale, the director now directly owns 22,603 shares of the company’s stock, valued at $192,125.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded CYS Investments from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $8.50 price target on shares of CYS Investments in a research note on Thursday, September 14th. Finally, Zacks Investment Research upgraded CYS Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.00.
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.