International Assets Investment Management LLC Increases Holdings in Dynex Capital, Inc. (NYSE:DX)

International Assets Investment Management LLC increased its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 1,341.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 399,520 shares of the real estate investment trust's stock after buying an additional 371,795 shares during the quarter. International Assets Investment Management LLC owned about 0.71% of Dynex Capital worth $5,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Dynex Capital during the fourth quarter worth about $30,000. FMR LLC boosted its stake in Dynex Capital by 141.0% during the 1st quarter. FMR LLC now owns 3,210 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 1,878 shares during the last quarter. Clear Street Markets LLC bought a new stake in Dynex Capital during the 4th quarter worth approximately $39,000. PNC Financial Services Group Inc. raised its stake in shares of Dynex Capital by 1,862.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 2,551 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Dynex Capital by 432.6% in the third quarter. Tower Research Capital LLC TRC now owns 7,334 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 5,957 shares in the last quarter. Institutional investors own 38.34% of the company's stock.

Analysts Set New Price Targets

DX has been the subject of a number of recent analyst reports. Jonestrading upped their price objective on shares of Dynex Capital from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 30th. StockNews.com raised Dynex Capital to a "sell" rating in a report on Tuesday, December 26th. Finally, Compass Point assumed coverage on Dynex Capital in a report on Friday. They set a "buy" rating and a $14.50 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Dynex Capital presently has an average rating of "Hold" and a consensus target price of $13.63.

Dynex Capital Price Performance

NYSE:DX traded down $0.16 during trading hours on Tuesday, hitting $11.46. The stock had a trading volume of 1,397,449 shares, compared to its average volume of 1,245,193. The company has a 50 day simple moving average of $12.24 and a two-hundred day simple moving average of $11.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. Dynex Capital, Inc. has a one year low of $9.57 and a one year high of $13.56. The firm has a market capitalization of $677.63 million, a price-to-earnings ratio of -40.93 and a beta of 1.33.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The business had revenue of $71.19 million during the quarter.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 13.61%. Dynex Capital's payout ratio is -557.12%.

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.