Ameriprise Financial Inc. Raises Holdings in Dynex Capital, Inc. (NYSE:DX)

Ameriprise Financial Inc. boosted its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 29.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 914,121 shares of the real estate investment trust’s stock after buying an additional 207,413 shares during the period. Ameriprise Financial Inc.’s holdings in Dynex Capital were worth $11,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Founders Financial Alliance LLC raised its position in shares of Dynex Capital by 4.7% in the 4th quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 950 shares in the last quarter. Cambridge Advisors Inc. grew its stake in Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 1,300 shares during the last quarter. PDS Planning Inc raised its holdings in Dynex Capital by 10.8% in the fourth quarter. PDS Planning Inc now owns 15,822 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 1,536 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Dynex Capital by 87.5% in the fourth 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 in the last quarter. Finally, Kovack Advisors Inc. lifted its position in shares of Dynex Capital by 11.6% during the fourth quarter. Kovack Advisors Inc. now owns 19,585 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 2,043 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

Analyst Ratings Changes

DX has been the topic of a number of analyst reports. StockNews.com downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 24th. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Jones Trading reduced their price target on Dynex Capital from $13.25 to $12.50 and set a “buy” rating on the stock in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dynex Capital presently has an average rating of “Hold” and an average target price of $12.83.

Dynex Capital Stock Up 0.4%

NYSE:DX opened at $12.61 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52. The company has a market cap of $1.35 billion, a PE ratio of 8.57 and a beta of 0.92. The company’s 50 day moving average is $12.57 and its two-hundred day moving average is $12.79.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $11.41 million. Analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.04 annualized dividend and a yield of 16.18%. Dynex Capital’s payout ratio is presently 264.94%.

About Dynex Capital

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.