SG Americas Securities LLC Raises Stock Position in Dynex Capital, Inc. $DX

SG Americas Securities LLC lifted its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 557.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,172 shares of the real estate investment trust’s stock after acquiring an additional 132,404 shares during the quarter. SG Americas Securities LLC owned about 0.12% of Dynex Capital worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its stake in shares of Dynex Capital by 130,013.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust’s stock valued at $242,772,000 after purchasing an additional 19,130,122 shares during the period. Allworth Financial LP boosted its stake in shares of Dynex Capital by 18,921.9% in the second quarter. Allworth Financial LP now owns 52,881 shares of the real estate investment trust’s stock valued at $646,000 after purchasing an additional 52,603 shares during the period. Edgestream Partners L.P. acquired a new stake in Dynex Capital during the 2nd quarter valued at $1,795,000. IFG Advisory LLC purchased a new stake in Dynex Capital during the 2nd quarter worth $255,000. Finally, Advisors Asset Management Inc. purchased a new stake in Dynex Capital during the 2nd quarter worth $1,285,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Up 0.1%

NYSE:DX opened at $14.06 on Thursday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 9.50 and a beta of 0.98. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52. The stock has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $13.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.19.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.19). Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. The firm had revenue of $421.91 million for the quarter, compared to analyst estimates of $32.06 million. Sell-side analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a yield of 14.5%. Dynex Capital’s dividend payout ratio (DPR) is 137.84%.

Wall Street Analyst Weigh In

DX has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Dynex Capital from $14.00 to $14.50 and gave the company an “outperform” rating in a research report on Thursday, December 18th. UBS Group set a $13.25 price objective on Dynex Capital and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a report on Monday, December 29th. Finally, Jones Trading reaffirmed a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Dynex Capital presently has an average rating of “Hold” and an average target price of $13.92.

Dynex Capital Company 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.