UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in Dynex Capital, Inc. (NYSE:DX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 47.3% during the 4th quarter, Holdings Channel reports. The fund owned 55,356 shares of the real estate investment trust’s stock after selling 49,688 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dynex Capital were worth $700,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 2,223 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Dynex Capital during the 4th quarter worth about $43,000. PNC Financial Services Group Inc. increased its position in shares of Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,700 shares during the last quarter. US Bancorp DE increased its position in shares of Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 3,227 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Dynex Capital by 452.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 5,901 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jones Trading cut their price objective on Dynex Capital from $13.25 to $12.50 and set a “buy” rating for the company in a research report on Monday, April 21st. Wall Street Zen downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price objective on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th.

Dynex Capital Stock Up 0.1%

Shares of DX opened at $12.32 on Thursday. The stock has a market capitalization of $1.32 billion, a PE ratio of 8.38 and a beta of 0.93. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The company’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $12.75.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The firm had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. Analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 16.57%. The ex-dividend date of this dividend was Friday, May 23rd. Dynex Capital’s payout ratio is currently 264.94%.

Dynex Capital 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.