MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 7.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,327,907 shares of the real estate investment trust's stock after selling 99,214 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.24% of Dynex Capital worth $17,289,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DX. MetLife Investment Management LLC raised its holdings in Dynex Capital by 1,510.0% in the 1st quarter. MetLife Investment Management LLC now owns 728,728 shares of the real estate investment trust's stock valued at $9,488,000 after acquiring an additional 683,466 shares in the last quarter. Algebris UK Ltd acquired a new position in Dynex Capital in the 1st quarter valued at $6,511,000. Cubist Systematic Strategies LLC acquired a new position in Dynex Capital in the 1st quarter valued at $6,810,000. Vanguard Group Inc. raised its holdings in Dynex Capital by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 4,643,291 shares of the real estate investment trust's stock valued at $60,456,000 after acquiring an additional 325,891 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Dynex Capital by 29.3% in the 4th quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust's stock valued at $11,564,000 after acquiring an additional 207,413 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have weighed in on DX. Jones Trading lifted their price objective on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods lifted their price objective on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, UBS Group boosted their price target on Dynex Capital from $12.50 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Dynex Capital has an average rating of "Moderate Buy" and a consensus price target of $13.00.
Check Out Our Latest Stock Report on DX
Dynex Capital Price Performance
Shares of Dynex Capital stock traded down $0.02 during trading on Friday, reaching $12.54. 3,891,782 shares of the company's stock were exchanged, compared to its average volume of 4,128,469. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52. The company has a market cap of $1.63 billion, a P/E ratio of 16.08 and a beta of 0.93. The firm's 50-day moving average price is $12.59 and its 200 day moving average price is $12.59.
Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). The business had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.20 million. Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%. As a group, research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.
Dynex Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 22nd will be given a dividend of $0.17 per share. The ex-dividend date is Monday, September 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 5.4%. Dynex Capital's payout ratio is currently 261.54%.
About Dynex Capital
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Free Report)
Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.
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