Nisa Investment Advisors LLC Decreases Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Nisa Investment Advisors LLC reduced its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,136 shares of the real estate investment trust’s stock after selling 1,799 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dynex Capital were worth $332,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in Dynex Capital by 838.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 2,223 shares during the period. Amalgamated Bank grew its stake in Dynex Capital by 50.5% during the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 973 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Dynex Capital during the fourth quarter worth approximately $43,000. PNC Financial Services Group Inc. grew its stake in Dynex Capital by 87.5% during 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 buying an additional 1,700 shares during the period. Finally, US Bancorp DE grew its stake in Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 3,227 shares during the period. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DX has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Jones Trading decreased their target price on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating for the company in a research note on Monday, April 21st. Wall Street Zen downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Thursday, April 24th. Finally, UBS Group restated a “neutral” rating and issued a $12.50 target price (up from $11.00) on shares of Dynex Capital in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.67.

Dynex Capital Trading Up 1.4%

Shares of DX stock opened at $12.65 on Thursday. The company has a market capitalization of $1.36 billion, a PE ratio of 16.42 and a beta of 0.92. The firm has a fifty day simple moving average of $12.32 and a 200-day simple moving average of $12.72. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $17.13 million for the quarter, compared to analysts’ expectations of $11.41 million. Dynex Capital had a net margin of 20.61% and a return on equity of 1.59%. Equities research analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Wednesday, July 23rd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, July 23rd. This represents a $2.04 annualized dividend and a yield of 16.13%. Dynex Capital’s dividend 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.