SeaCrest Wealth Management LLC Acquires Shares of 73,801 Dynex Capital, Inc. $DX

SeaCrest Wealth Management LLC bought a new stake in Dynex Capital, Inc. (NYSE:DX) during the 4th quarter, Holdings Channel reports. The firm bought 73,801 shares of the real estate investment trust’s stock, valued at approximately $1,030,000.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. increased its stake in Dynex Capital by 139.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 252,197 shares of the real estate investment trust’s stock valued at $3,100,000 after buying an additional 147,042 shares during the period. Waterfall Asset Management LLC acquired a new stake in shares of Dynex Capital in the 3rd quarter worth $1,842,000. Vanguard Group Inc. increased its stake in shares of Dynex Capital by 21.3% during the third quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock worth $92,345,000 after acquiring an additional 1,318,236 shares during the period. SG Americas Securities LLC increased its stake in shares of Dynex Capital by 557.1% during the third quarter. SG Americas Securities LLC now owns 156,172 shares of the real estate investment trust’s stock worth $1,919,000 after acquiring an additional 132,404 shares during the period. Finally, EMG Holdings L.P. purchased a new position in Dynex Capital during the third quarter worth about $8,550,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Analyst Ratings Changes

DX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Monday, December 29th. Finally, JonesTrading increased their price objective on Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynex Capital currently has an average rating of “Moderate Buy” and a consensus target price of $14.33.

Dynex Capital Trading Down 2.3%

Shares of DX opened at $12.40 on Friday. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.93. The stock has a market cap of $2.50 billion, a P/E ratio of 6.08 and a beta of 0.97. The company has a 50-day moving average of $13.80 and a two-hundred day moving average of $13.52.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). Dynex Capital had a net margin of 59.80% and a return on equity of 6.83%. The business had revenue of $202.00 million during the quarter, compared to analyst estimates of $59.41 million. As a group, analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 23rd will be given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 16.5%. The ex-dividend date is Monday, March 23rd. Dynex Capital’s dividend payout ratio is currently 100.00%.

About Dynex Capital

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.