Wedge Capital Management L L P NC raised its stake in shares of CYS Investments Inc (NYSE:CYS) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,022,491 shares of the real estate investment trust’s stock after purchasing an additional 91,703 shares during the period. Wedge Capital Management L L P NC’s holdings in CYS Investments were worth $16,241,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of CYS. BlackRock Inc. raised its position in shares of 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 buying an additional 621,106 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of CYS Investments by 30.3% in the third quarter. Principal Financial Group Inc. now owns 1,208,081 shares of the real estate investment trust’s stock valued at $10,437,000 after buying an additional 281,005 shares during the last quarter. 361 Capital LLC acquired a new stake in shares of CYS Investments in the third quarter valued at about $2,053,000. Koch Industries Inc. raised its position in shares of CYS Investments by 1,496.2% in the second quarter. Koch Industries Inc. now owns 242,862 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 227,647 shares during the last quarter. Finally, Maltese Capital Management LLC acquired a new stake in shares of CYS Investments in the third quarter valued at about $1,728,000. Institutional investors and hedge funds own 62.15% of the company’s stock.
Separately, ValuEngine cut shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.25.
Shares of CYS Investments Inc (NYSE:CYS) opened at $6.49 on Monday. The company has a market cap of $1,006.02, a PE ratio of -32.45 and a beta of 0.37. CYS Investments Inc has a 12-month low of $6.48 and a 12-month high of $8.98.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, December 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.41%. The ex-dividend date of this dividend is Thursday, December 21st. CYS Investments’s dividend payout ratio (DPR) is -499.98%.
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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