CYS Investments, Inc. (NYSE:CYS) Director David A. Tyson sold 5,950 shares of CYS Investments stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.50, for a total transaction of $50,575.00. Following the completion of the sale, the director now directly owns 22,603 shares of the company’s stock, valued at approximately $192,125.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
CYS Investments, Inc. (NYSE CYS) opened at 8.73 on Friday. The company’s market capitalization is $1.32 billion. CYS Investments, Inc. has a 52 week low of $7.42 and a 52 week high of $9.06. The firm’s 50-day moving average price is $8.53 and its 200 day moving average price is $8.25.
CYS Investments (NYSE:CYS) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. CYS Investments had a positive return on equity of 12.69% and a negative net margin of 5.86%. The company had revenue of $50.91 million for the quarter, compared to analysts’ expectations of $69.70 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities research analysts expect that CYS Investments, Inc. will post $1.04 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “CYS Investments, Inc. (NYSE:CYS) Director David A. Tyson Sells 5,950 Shares” was originally published by BNB Daily and is the property of of BNB Daily. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/insider-selling-cys-investments-inc-nysecys-director-sells-5950-shares-of-stock-updated-updated.html.
Several large investors have recently added to or reduced their stakes in CYS. Van ECK Associates Corp boosted its stake in CYS Investments by 11.1% in the first quarter. Van ECK Associates Corp now owns 602,917 shares of the real estate investment trust’s stock worth $4,793,000 after buying an additional 60,037 shares in the last quarter. Boston Private Wealth LLC bought a new stake in CYS Investments during the first quarter worth approximately $318,000. Norges Bank bought a new stake in CYS Investments during the fourth quarter worth approximately $13,263,000. Swiss National Bank boosted its stake in CYS Investments by 2.6% in the first quarter. Swiss National Bank now owns 249,100 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 6,400 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. bought a new stake in CYS Investments during the first quarter worth approximately $2,220,000. 63.55% of the stock is currently owned by hedge funds and other institutional investors.
CYS has been the subject of several research reports. BidaskClub downgraded shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded shares of CYS Investments from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Keefe, Bruyette & Woods set a $8.00 price target on shares of CYS Investments and gave the company a “hold” rating in a research report on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $8.35.
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.