CYS Investments, Inc. (NYSE:CYS) declared a quarterly dividend on Tuesday, September 12th, Wall Street Journal reports. Shareholders of record on Monday, September 25th will be paid a dividend of 0.25 per share by the real estate investment trust on Wednesday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 11.39%. The ex-dividend date of this dividend is Friday, September 22nd.
CYS Investments has decreased its dividend by an average of 8.5% annually over the last three years. CYS Investments has a payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect CYS Investments to earn $0.94 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 106.4%.
Shares of CYS Investments (NYSE CYS) traded down 0.34% on Tuesday, hitting $8.78. The company’s stock had a trading volume of 1,563,402 shares. The firm’s market cap is $1.33 billion. The stock has a 50-day moving average price of $8.67 and a 200 day moving average price of $8.36. CYS Investments has a one year low of $7.42 and a one year high of $8.99.
CYS Investments (NYSE:CYS) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $50.91 million during the quarter, compared to the consensus estimate of $69.70 million. CYS Investments had a negative net margin of 5.86% and a positive return on equity of 12.69%. During the same quarter last year, the firm earned $0.26 EPS. Equities research analysts predict that CYS Investments will post $1.04 EPS for the current year.
In other news, 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 filing with the SEC, which is available through the SEC website. 1.04% of the stock is currently owned by company insiders.
A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of CYS Investments from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of CYS Investments from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Keefe, Bruyette & Woods set a $8.00 target price on shares of CYS Investments and gave the company a “hold” rating in a report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. CYS Investments currently has an average rating of “Hold” and an average price target of $8.19.
CYS Investments Company Profile
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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