MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stake in Dynex Capital, Inc. $DX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Dynex Capital by 7.0%, selling 99,214 shares during the first quarter, leaving it with 1.24% ownership valued at approximately $17.29 million.
• Dynex Capital reported earnings per share of $0.22 for the last quarter, missing the consensus estimate of $0.49, while revenue surpassed expectations at $23.13 million.
• The company recently declared a dividend of $0.17 per share, with an impressive yield of 1,650.0%, although it has a notably high payout ratio of 261.54%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 7.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,327,907 shares of the real estate investment trust's stock after selling 99,214 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.24% of Dynex Capital worth $17,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of Dynex Capital by 122.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust's stock valued at $357,000 after buying an additional 15,100 shares during the last quarter. Amalgamated Bank raised its position in shares of Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 973 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Dynex Capital by 29.3% in the fourth quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust's stock valued at $11,564,000 after buying an additional 207,413 shares during the last quarter. Northern Trust Corp raised its position in shares of Dynex Capital by 15.7% in the fourth quarter. Northern Trust Corp now owns 724,865 shares of the real estate investment trust's stock valued at $9,170,000 after buying an additional 98,537 shares during the last quarter. Finally, TrueMark Investments LLC increased its position in Dynex Capital by 60.1% during the first quarter. TrueMark Investments LLC now owns 183,360 shares of the real estate investment trust's stock worth $2,387,000 after purchasing an additional 68,845 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Trading Down 0.2%

Shares of DX traded down $0.02 during trading on Friday, reaching $12.54. 3,891,782 shares of the company traded hands, compared to its average volume of 4,191,745. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52. The stock has a market cap of $1.63 billion, a PE ratio of 16.08 and a beta of 0.93. The stock has a 50-day simple moving average of $12.59 and a 200-day simple moving average of $12.57. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. The company had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.20 million. On average, analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 22nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $0.68 annualized dividend and a dividend yield of 5.4%. Dynex Capital's dividend payout ratio (DPR) is presently 261.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Jones Trading raised their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.00.

Dynex Capital Company Profile

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.