Zurcher Kantonalbank Zurich Cantonalbank Purchases 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 increased its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 101.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,237 shares of the real estate investment trust's stock after acquiring an additional 25,262 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Dynex Capital were worth $654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Zacks Investment Management acquired a new stake in Dynex Capital during the 4th quarter worth about $4,275,000. Vanguard Group Inc. lifted its position in shares of Dynex Capital by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock valued at $54,615,000 after acquiring an additional 260,798 shares in the last quarter. Mesirow Institutional Investment Management Inc. boosted its stake in Dynex Capital by 29.1% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust's stock worth $13,409,000 after purchasing an additional 239,053 shares during the period. Ameriprise Financial Inc. grew its position in Dynex Capital by 29.3% during the 4th quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust's stock worth $11,564,000 after purchasing an additional 207,413 shares in the last quarter. Finally, Almitas Capital LLC purchased a new stake in shares of Dynex Capital in the fourth quarter valued at $2,016,000. 38.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DX shares. Wall Street Zen downgraded Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods lifted their target price on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. UBS Group upped their target price on Dynex Capital from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Finally, Jones Trading raised their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Dynex Capital has a consensus rating of "Hold" and a consensus target price of $12.83.

Dynex Capital Stock Up 0.8%

Shares of DX traded up $0.10 during midday trading on Friday, reaching $12.43. 2,548,742 shares of the stock were exchanged, compared to its average volume of 3,581,837. The firm has a 50 day simple moving average of $12.42 and a 200-day simple moving average of $12.72. 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 price-to-earnings ratio of 15.94 and a beta of 0.91. 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 posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 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 business had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.20 million. Research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 1st. Shareholders 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 (DPR) is 261.54%.

Dynex Capital 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.