MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $18.05 Million Position in Dynex Capital, Inc. (NYSE:DX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dynex Capital, Inc. (NYSE:DX) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,427,121 shares of the real estate investment trust’s stock after purchasing an additional 81,510 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Dynex Capital were worth $18,053,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its stake in Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,223 shares during the last quarter. Westend Capital Management LLC boosted its holdings in Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 919 shares during the period. New Age Alpha Advisors LLC bought a new stake in Dynex Capital in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. boosted its holdings in Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares during the period. Finally, US Bancorp DE raised its position in shares of Dynex Capital by 567.1% in the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 3,227 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Up 0.3%

DX opened at $12.57 on Friday. The company has a 50 day moving average of $12.60 and a 200 day moving average of $12.78. The company has a market cap of $1.35 billion, a PE ratio of 8.55 and a beta of 0.92. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The firm had revenue of $17.13 million during the quarter, compared to analyst estimates of $11.41 million. On average, sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 16.23%. The ex-dividend date is Friday, May 23rd. Dynex Capital’s dividend payout ratio (DPR) is 264.94%.

Wall Street Analyst Weigh In

DX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 24th. Finally, Jones Trading cut their price target on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.83.

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.