International Assets Investment Management LLC Raises Holdings in Dynex Capital, Inc. (NYSE:DX)

International Assets Investment Management LLC increased its position in shares of Dynex Capital, Inc. (NYSE:DX) by 1,341.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 399,520 shares of the real estate investment trust’s stock after purchasing an additional 371,795 shares during the quarter. International Assets Investment Management LLC’s holdings in Dynex Capital were worth $5,002,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in DX. State of Wyoming purchased a new stake in Dynex Capital in the 4th quarter valued at $30,000. FMR LLC grew its holdings in Dynex Capital by 141.0% in the 1st quarter. FMR LLC now owns 3,210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,878 shares in the last quarter. Clear Street Markets LLC purchased a new stake in Dynex Capital in the 4th quarter valued at $39,000. PNC Financial Services Group Inc. grew its holdings in Dynex Capital by 1,862.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,551 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Dynex Capital by 432.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,334 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 5,957 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DX shares. Compass Point started coverage on Dynex Capital in a report on Friday. They issued a “buy” rating and a $14.50 target price for the company. Jonestrading upped their target price on Dynex Capital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, StockNews.com raised Dynex Capital to a “sell” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.63.

Dynex Capital Stock Performance

Shares of Dynex Capital stock opened at $11.62 on Tuesday. Dynex Capital, Inc. has a 52 week low of $9.57 and a 52 week high of $13.56. The business’s fifty day simple moving average is $12.25 and its 200-day simple moving average is $11.94. The firm has a market cap of $686.79 million, a PE ratio of -41.48 and a beta of 1.33. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The firm had revenue of $71.19 million for the quarter.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 13.43%. The ex-dividend date of this dividend is Monday, April 22nd. Dynex Capital’s dividend payout ratio (DPR) is -557.12%.

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.