Wealthspire Advisors LLC Has $165,000 Position in Dynex Capital, Inc. (NYSE:DX)

Wealthspire Advisors LLC lowered its position in Dynex Capital, Inc. (NYSE:DX) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,037 shares of the real estate investment trust’s stock after selling 962 shares during the quarter. Wealthspire Advisors LLC’s holdings in Dynex Capital were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC bought a new stake in Dynex Capital in the fourth quarter valued at approximately $772,000. Strategic Financial Concepts LLC bought a new stake in Dynex Capital in the fourth quarter valued at approximately $1,130,000. Rhumbline Advisers boosted its holdings in Dynex Capital by 2.0% in the fourth quarter. Rhumbline Advisers now owns 107,570 shares of the real estate investment trust’s stock valued at $1,361,000 after acquiring an additional 2,072 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Dynex Capital by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust’s stock valued at $11,045,000 after acquiring an additional 148,235 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Dynex Capital by 80.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,300 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 5,500 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Price Performance

Shares of DX opened at $14.05 on Friday. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $14.21. The business’s fifty day moving average is $13.04 and its 200 day moving average is $12.67. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.11 billion, a P/E ratio of 9.55 and a beta of 1.31.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Sell-side analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.17 dividend. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.52%. The ex-dividend date of this dividend is Monday, March 24th. Dynex Capital’s dividend payout ratio (DPR) is currently 138.78%.

Wall Street Analysts Forecast Growth

DX has been the topic of a number of research analyst reports. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Dynex Capital currently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

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.