92,413 Shares in Dynex Capital, Inc. $DX Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Dynex Capital, Inc. (NYSE:DX) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 92,413 shares of the real estate investment trust’s stock, valued at approximately $1,295,000.

A number of other institutional investors have also recently added to or reduced their stakes in DX. GAMMA Investing LLC boosted its position in Dynex Capital by 98.5% during the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 928 shares during the period. Triumph Capital Management purchased a new stake in Dynex Capital during the 3rd quarter worth $29,000. IMG Wealth Management Inc. purchased a new stake in Dynex Capital during the 4th quarter worth $31,000. Signaturefd LLC boosted its position in Dynex Capital by 84.8% during the 4th quarter. Signaturefd LLC now owns 3,290 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,510 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Dynex Capital by 92.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,433 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,645 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DX. UBS Group reaffirmed a “neutral” rating and set a $14.50 price target (up from $14.00) on shares of Dynex Capital in a research report on Friday, April 24th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. Wall Street Zen cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a report on Friday, March 27th. Finally, JonesTrading boosted their price objective on shares of Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dynex Capital has a consensus rating of “Moderate Buy” and an average price target of $14.75.

Dynex Capital Price Performance

Shares of DX stock opened at $12.74 on Friday. Dynex Capital, Inc. has a 12 month low of $11.70 and a 12 month high of $14.93. The firm has a market capitalization of $2.74 billion, a P/E ratio of 7.54 and a beta of 0.97. The company’s fifty day moving average price is $13.11 and its two-hundred day moving average price is $13.62.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Dynex Capital had a return on equity of 7.86% and a net margin of 34.75%.The firm had revenue of ($59.11) million during the quarter, compared to analyst estimates of $67.37 million.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 21st will be issued a $0.17 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 16.0%. Dynex Capital’s payout ratio is currently 120.71%.

Dynex Capital Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.