UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Dynex Capital, Inc. $DX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 17.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,988 shares of the real estate investment trust’s stock after buying an additional 60,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Dynex Capital worth $5,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Dynex Capital by 14.6% during the second quarter. BlackRock Inc. now owns 18,437,985 shares of the real estate investment trust’s stock worth $241,722,000 after acquiring an additional 2,355,906 shares during the last quarter. Callodine Capital Management LP bought a new position in shares of Dynex Capital during the 1st quarter valued at about $21,320,000. Segall Bryant & Hamill LLC purchased a new position in shares of Dynex Capital during the first quarter valued at about $19,581,000. Royal Bank of Canada lifted its position in shares of Dynex Capital by 2,358.9% in the first quarter. Royal Bank of Canada now owns 1,531,103 shares of the real estate investment trust’s stock worth $19,537,000 after buying an additional 1,468,836 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Dynex Capital by 142.9% during the second quarter. Wellington Management Group LLP now owns 2,221,800 shares of the real estate investment trust’s stock valued at $29,128,000 after buying an additional 1,307,100 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a research note on Tuesday, July 21st. JonesTrading restated a “buy” rating and issued a $14.75 price target on shares of Dynex Capital in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Finally, BTIG Research set a $14.50 price objective on shares of Dynex Capital in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.56.

Dynex Capital Stock Performance

DX stock opened at $12.90 on Wednesday. Dynex Capital, Inc. has a twelve month low of $11.82 and a twelve month high of $14.93. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 4.91 and a beta of 0.96. The business’s fifty day simple moving average is $12.98 and its two-hundred day simple moving average is $13.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%. The company had revenue of $302.75 million for the quarter, compared to the consensus estimate of $103.62 million.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. Dynex Capital’s dividend payout ratio (DPR) is 77.57%.

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.