Van ECK Associates Corp Sells 2,073 Shares of Dynex Capital, Inc. (NYSE:DX)

Van ECK Associates Corp decreased its holdings in shares of Dynex Capital, Inc. (NYSE:DXFree Report) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 379,827 shares of the real estate investment trust’s stock after selling 2,073 shares during the period. Van ECK Associates Corp’s holdings in Dynex Capital were worth $4,535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Dynex Capital by 2.0% during the 2nd quarter. BlackRock Inc. now owns 4,765,577 shares of the real estate investment trust’s stock valued at $59,999,000 after acquiring an additional 92,748 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Dynex Capital by 20.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,206,913 shares of the real estate investment trust’s stock valued at $25,711,000 after buying an additional 378,528 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Dynex Capital by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,580,457 shares of the real estate investment trust’s stock valued at $18,871,000 after buying an additional 98,990 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Dynex Capital by 30.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,500,269 shares of the real estate investment trust’s stock valued at $19,084,000 after buying an additional 348,149 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of Dynex Capital by 105.9% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust’s stock valued at $17,014,000 after buying an additional 751,053 shares in the last quarter. Institutional investors own 46.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Dynex Capital to a “sell” rating in a research report on Tuesday, December 26th. Jonestrading upped their price objective on shares of Dynex Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. UBS Group assumed coverage on shares of Dynex Capital in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $12.50 price objective for the company. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Dynex Capital from $11.00 to $13.50 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dynex Capital has a consensus rating of “Hold” and an average target price of $13.33.

Check Out Our Latest Analysis on DX

Dynex Capital Stock Performance

Dynex Capital stock opened at $12.18 on Monday. The firm has a 50-day moving average of $12.42 and a 200-day moving average of $12.09. Dynex Capital, Inc. has a one year low of $9.57 and a one year high of $14.30.

Dynex Capital (NYSE:DXGet Free Report) last posted its quarterly earnings data on Monday, January 29th. The real estate investment trust reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.09% and a negative net margin of 2.95%. The business had revenue of $71.19 million for the quarter.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, February 1st. Stockholders of record on Tuesday, January 23rd were issued a $0.13 dividend. The ex-dividend date was Monday, January 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.81%. Dynex Capital’s payout ratio is -557.12%.

Dynex Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

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