UBS Group AG Cuts Position in Dynex Capital, Inc. $DX

UBS Group AG decreased its holdings in Dynex Capital, Inc. (NYSE:DX) by 68.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 340,565 shares of the real estate investment trust’s stock after selling 748,177 shares during the quarter. UBS Group AG owned about 0.23% of Dynex Capital worth $4,771,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Dynex Capital by 98.5% in the fourth quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 928 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Dynex Capital during the 3rd quarter worth $29,000. Signaturefd LLC raised its stake in shares of Dynex Capital by 84.8% during the 4th quarter. Signaturefd LLC now owns 3,290 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,510 shares during the last quarter. Huntington National Bank boosted its position in shares of Dynex Capital by 478,900.0% in the 3rd quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 4,789 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Dynex Capital in the 3rd quarter worth about $70,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of NYSE DX opened at $12.85 on Friday. The company has a market cap of $2.76 billion, a PE ratio of 7.60 and a beta of 0.97. Dynex Capital, Inc. has a 12 month low of $11.70 and a 12 month high of $14.93. The company has a 50-day simple moving average of $13.12 and a 200-day simple moving average of $13.63.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of ($59.11) million for the quarter, compared to analysts’ expectations of $67.37 million. Dynex Capital had a return on equity of 7.86% and a net margin of 34.75%.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 21st will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 15.9%. Dynex Capital’s dividend payout ratio is 120.71%.

Wall Street Analyst Weigh In

Several analysts have issued reports on DX shares. Wall Street Zen downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research note on Friday, March 27th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. UBS Group reaffirmed a “neutral” rating and issued a $14.50 target price (up from $14.00) on shares of Dynex Capital in a research note on Friday, April 24th. Finally, JonesTrading increased their target price on Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

Dynex Capital Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.