UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 60,731 Shares of Dynex Capital, Inc. $DX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Dynex Capital, Inc. (NYSE:DX) by 17.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 404,988 shares of the real estate investment trust’s stock after purchasing an additional 60,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dynex Capital were worth $5,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Summit Financial LLC lifted its stake in Dynex Capital by 0.4% in the fourth quarter. Summit Financial LLC now owns 211,048 shares of the real estate investment trust’s stock worth $2,957,000 after acquiring an additional 903 shares during the period. Huntington National Bank raised its holdings in shares of Dynex Capital by 22.3% in the 4th quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,066 shares in the last quarter. Brevan Howard Capital Management LP raised its holdings in shares of Dynex Capital by 2.1% in the 3rd quarter. Brevan Howard Capital Management LP now owns 52,725 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 1,074 shares in the last quarter. Integrity Alliance LLC. lifted its position in shares of Dynex Capital by 6.9% in the 2nd quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 1,081 shares during the period. Finally, Lido Advisors LLC lifted its position in shares of Dynex Capital by 2.3% in the 3rd quarter. Lido Advisors LLC now owns 53,321 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 1,179 shares during the period. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Trading Up 0.0%

NYSE:DX opened at $12.90 on Wednesday. Dynex Capital, Inc. has a 52 week low of $11.82 and a 52 week high of $14.93. The firm has a 50 day moving average of $12.98 and a 200 day moving average of $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. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 4.91 and a beta of 0.96.

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

Dynex Capital Dividend Announcement

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

Wall Street Analyst Weigh In

DX has been the topic of a number of recent research reports. BTIG Research set a $14.50 price objective on shares of Dynex Capital in a research note on Wednesday, June 17th. JonesTrading restated a “buy” rating and set a $14.75 target price on shares of Dynex Capital in a report on Tuesday, July 21st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.56.

About Dynex Capital

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.