UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 47.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,356 shares of the real estate investment trust's stock after selling 49,688 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of Dynex Capital worth $700,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC lifted its stake in shares of Dynex Capital by 91.0% during the 4th quarter. Squarepoint Ops LLC now owns 19,263 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 9,178 shares during the last quarter. State of Wyoming lifted its stake in shares of Dynex Capital by 66.4% during the 4th quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 8,617 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Dynex Capital by 58.2% during the 4th quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 8,181 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Dynex Capital by 6.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust's stock worth $18,053,000 after purchasing an additional 81,510 shares during the last quarter. Finally, FJ Capital Management LLC lifted its stake in shares of Dynex Capital by 26.6% during the 4th quarter. FJ Capital Management LLC now owns 93,068 shares of the real estate investment trust's stock worth $1,177,000 after purchasing an additional 19,561 shares during the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.
Dynex Capital Stock Down 0.8%
NYSE:DX traded down $0.10 during mid-day trading on Friday, hitting $12.31. 2,734,520 shares of the company's stock traded hands, compared to its average volume of 2,533,442. The company has a fifty day moving average of $12.08 and a 200 day moving average of $12.75. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52. The company has a market capitalization of $1.32 billion, a P/E ratio of 8.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.
Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. The company had revenue of $17.13 million for the quarter, compared to analyst estimates of $11.41 million. On average, analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.
Dynex Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 23rd will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 16.58%. The ex-dividend date of this dividend is Monday, June 23rd. Dynex Capital's dividend payout ratio is currently 264.94%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Jones Trading decreased their price objective on Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen lowered Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th.
Get Our Latest Stock Analysis on Dynex Capital
Dynex Capital Profile
(
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.
Read More
Before you consider Dynex Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dynex Capital wasn't on the list.
While Dynex Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
