Zurcher Kantonalbank Zurich Cantonalbank Acquires 25,262 Shares of Dynex Capital, Inc. (NYSE:DX)

Key Points

• Zurcher Kantonalbank increased its holdings in Dynex Capital by 101.1%, acquiring an additional 25,262 shares during the first quarter, bringing its total to 50,237 shares valued at $654,000.
• Several other institutional investors also boosted their stakes in Dynex Capital, including Zacks Investment Management and Vanguard Group, highlighting increased institutional interest in the company, which currently sees 38.34% of its stock owned by institutional investors.
• Dynex Capital's recent quarterly earnings report indicated an EPS of $0.22, missing consensus estimates, and the company declared a monthly dividend of $0.17 with a dividend yield of 16.5%.

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 101.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,237 shares of the real estate investment trust's stock after acquiring an additional 25,262 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Dynex Capital were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DX. KLP Kapitalforvaltning AS acquired a new position in Dynex Capital in the fourth quarter valued at about $173,000. LPL Financial LLC boosted its position in shares of Dynex Capital by 34.9% during the fourth quarter. LPL Financial LLC now owns 109,242 shares of the real estate investment trust's stock worth $1,382,000 after buying an additional 28,272 shares during the period. Vanguard Group Inc. boosted its position in shares of Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock worth $54,615,000 after buying an additional 260,798 shares during the period. Franklin Resources Inc. acquired a new position in shares of Dynex Capital during the fourth quarter worth about $2,009,000. Finally, Geode Capital Management LLC boosted its position in shares of Dynex Capital by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock worth $23,256,000 after buying an additional 136,280 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DX. UBS Group upped their price objective on Dynex Capital from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Wall Street Zen cut Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. Jones Trading upped their price objective on 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 upped their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $12.83.

Dynex Capital Stock Up 0.8%

DX traded up $0.10 on Friday, hitting $12.43. 2,548,742 shares of the company were exchanged, compared to its average volume of 4,045,914. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The company has a market cap of $1.61 billion, a PE ratio of 15.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. The stock's fifty day moving average is $12.42 and its 200-day moving average is $12.72.

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

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 1st. Investors of record on Wednesday, July 23rd were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 16.4%. The ex-dividend date was Wednesday, July 23rd. Dynex Capital's dividend payout ratio is presently 261.54%.

About Dynex Capital

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.