Zurcher Kantonalbank Zurich Cantonalbank Has $233,000 Stock Position in Dynex Capital, Inc. (NYSE:DX)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,613 shares of the real estate investment trust’s stock after acquiring an additional 3,968 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dynex Capital were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of Dynex Capital by 15.1% in the fourth quarter. International Assets Investment Management LLC now owns 31,911 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 4,186 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Dynex Capital by 84.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,127,014 shares of the real estate investment trust’s stock valued at $14,110,000 after purchasing an additional 516,898 shares during the period. SG Americas Securities LLC grew its position in shares of Dynex Capital by 191.1% during the 4th quarter. SG Americas Securities LLC now owns 32,136 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 21,097 shares in the last quarter. Howard Financial Services LTD. raised its position in shares of Dynex Capital by 7.9% in the fourth quarter. Howard Financial Services LTD. now owns 22,009 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 1,617 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Dynex Capital by 1.2% in the third quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust’s stock valued at $34,849,000 after buying an additional 34,429 shares during the period. Institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DX. Compass Point initiated coverage on Dynex Capital in a research note on Friday, April 12th. They set a “buy” rating and a $14.50 price objective on the stock. Jonestrading reaffirmed a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a research note on Monday, April 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Dynex Capital from $13.50 to $12.25 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Finally, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.31.

Dynex Capital Price Performance

Shares of DX stock opened at $12.24 on Tuesday. Dynex Capital, Inc. has a twelve month low of $9.57 and a twelve month high of $13.56. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $12.12 and a 200 day simple moving average of $11.96. The company has a market cap of $785.32 million, a P/E ratio of 10.46 and a beta of 1.33.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.75%. Dynex Capital’s payout ratio is currently 133.33%.

Dynex Capital Company Profile

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.