Zurcher Kantonalbank Zurich Cantonalbank Acquires 25,262 Shares of Dynex Capital, Inc. (NYSE:DX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dynex Capital, Inc. (NYSE:DX) by 101.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,237 shares of the real estate investment trust’s stock after purchasing an additional 25,262 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dynex Capital were worth $654,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Zacks Investment Management bought a new position in Dynex Capital during the fourth quarter valued at about $4,275,000. Vanguard Group Inc. increased its stake in Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock valued at $54,615,000 after acquiring an additional 260,798 shares during the period. Mesirow Institutional Investment Management Inc. increased its stake in Dynex Capital by 29.1% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust’s stock valued at $13,409,000 after acquiring an additional 239,053 shares during the period. Ameriprise Financial Inc. increased its stake in Dynex Capital by 29.3% during the fourth quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust’s stock valued at $11,564,000 after acquiring an additional 207,413 shares during the period. Finally, Almitas Capital LLC bought a new position in Dynex Capital during the fourth quarter valued at about $2,016,000. 38.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DX shares. Jones Trading upped their price objective on Dynex Capital from $12.50 to $13.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their price objective on Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Wall Street Zen lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Thursday, April 24th. Finally, UBS Group upped their price objective on Dynex Capital from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.83.

Dynex Capital Stock Performance

DX stock opened at $12.36 on Thursday. The business’s fifty day moving average is $12.40 and its 200-day moving average is $12.73. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.61 billion, a P/E ratio of 15.84 and a beta of 0.91. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. The firm had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.20 million. Equities research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 1st. Shareholders of record on Wednesday, July 23rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a c) annualized dividend and a dividend yield of 16.5%. Dynex Capital’s dividend payout ratio (DPR) is currently 261.54%.

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.