UBS Group AG Lowers Holdings 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,565 shares of the real estate investment trust’s stock after selling 748,177 shares during the quarter. UBS Group AG’s holdings in Dynex Capital were worth $4,771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Dynex Capital by 98.5% in the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 928 shares during the period. Triumph Capital Management acquired a new stake in Dynex Capital during the third quarter worth about $29,000. Signaturefd LLC increased its stake in Dynex Capital by 84.8% during the fourth quarter. Signaturefd LLC now owns 3,290 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,510 shares during the last quarter. Huntington National Bank increased its stake in Dynex Capital by 478,900.0% during the third quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 4,789 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Dynex Capital during the third quarter worth about $70,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of DX opened at $12.85 on Friday. The company has a market capitalization of $2.76 billion, a P/E ratio of 7.60 and a beta of 0.97. Dynex Capital, Inc. has a one year low of $11.70 and a one year high of $14.93. The stock has a 50-day moving average price of $13.12 and a 200 day moving average price 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 business had revenue of ($59.11) million during the quarter, compared to analysts’ expectations of $67.37 million. Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 15.9%. The ex-dividend date of this dividend is Thursday, May 21st. Dynex Capital’s dividend payout ratio (DPR) is currently 120.71%.

Analysts Set New Price Targets

DX has been the subject of several research analyst reports. Wall Street Zen lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research note on Friday, March 27th. JonesTrading increased their target price on Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research note on Thursday, January 29th. Finally, UBS Group reiterated 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Dynex Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

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.