Harbour Capital Advisors LLC trimmed its position in shares of CYS Investments, Inc. (NYSE:CYS) by 18.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,600 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Harbour Capital Advisors LLC’s holdings in CYS Investments were worth $385,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Cipher Capital LP lifted its stake in CYS Investments by 12.1% during the third quarter. Cipher Capital LP now owns 197,814 shares of the real estate investment trust’s stock worth $1,709,000 after purchasing an additional 21,355 shares in the last quarter. ClariVest Asset Management LLC lifted its stake in CYS Investments by 3.5% during the third quarter. ClariVest Asset Management LLC now owns 459,151 shares of the real estate investment trust’s stock worth $3,967,000 after purchasing an additional 15,500 shares in the last quarter. 361 Capital LLC acquired a new stake in shares of CYS Investments in the third quarter valued at $2,053,000. SG Americas Securities LLC raised its stake in shares of CYS Investments by 56.0% in the third quarter. SG Americas Securities LLC now owns 111,992 shares of the real estate investment trust’s stock valued at $968,000 after acquiring an additional 40,223 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of CYS Investments by 11.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 108,166 shares of the real estate investment trust’s stock valued at $935,000 after acquiring an additional 11,187 shares in the last quarter. Institutional investors own 59.92% of the company’s stock.
Several brokerages have recently issued reports on CYS. BidaskClub upgraded CYS Investments from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 price objective on shares of CYS Investments in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.00.
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CYS Investments (NYSE:CYS) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $46.99 million during the quarter, compared to analyst estimates of $54.46 million. CYS Investments had a negative net margin of 2.59% and a positive return on equity of 13.30%. During the same quarter in the previous year, the business posted $0.27 earnings per share.
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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