CYS Investments, Inc. (NYSE:CYS) Director David A. Tyson Sells 5,950 Shares

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.

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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.

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