International Assets Investment Management LLC lifted its stake in shares of Dynex Capital, Inc. (NYSE:DX – Get Rating) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,854 shares of the real estate investment trust’s stock after purchasing an additional 3,729 shares during the quarter. International Assets Investment Management LLC owned about 0.06% of Dynex Capital worth $354,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in Dynex Capital by 1,862.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,551 shares in the last quarter. Amalgamated Bank raised its stake in Dynex Capital by 23.5% during the 3rd quarter. Amalgamated Bank now owns 5,656 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,077 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Dynex Capital by 561.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,344 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 7,931 shares in the last quarter. Strs Ohio raised its stake in Dynex Capital by 20.2% during the 3rd quarter. Strs Ohio now owns 10,100 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in Dynex Capital during the 3rd quarter valued at $117,000. 40.86% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Robert S. Colligan bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were acquired at an average cost of $12.16 per share, for a total transaction of $97,280.00. Following the acquisition, the chief financial officer now directly owns 40,416 shares of the company’s stock, valued at approximately $491,458.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.
Dynex Capital Stock Performance
Dynex Capital (NYSE:DX – Get Rating) last issued its earnings results on Monday, January 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). The company had revenue of $30.53 million during the quarter. Dynex Capital had a return on equity of 6.99% and a net margin of 165.13%. During the same quarter last year, the firm earned $0.33 EPS. On average, equities research analysts forecast that Dynex Capital, Inc. will post 1.05 EPS for the current fiscal year.
Dynex Capital Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, May 1st. Investors of record on Friday, April 21st will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.05%. The ex-dividend date is Thursday, April 20th. Dynex Capital’s payout ratio is 43.58%.
Analyst Ratings Changes
Several analysts have weighed in on the company. Credit Suisse Group raised Dynex Capital from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $13.50 to $15.50 in a research note on Monday, January 9th. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. Keefe, Bruyette & Woods dropped their price objective on Dynex Capital from $16.50 to $15.25 and set an “outperform” rating on the stock in a research note on Tuesday, January 31st. Finally, Jonestrading boosted their price objective on Dynex Capital from $13.50 to $14.00 in a research note on Monday, December 19th.
Dynex Capital Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities.
Read More
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