Cetera Investment Advisers Makes New $216,000 Investment in Dynex Capital, Inc. $DX

Cetera Investment Advisers purchased a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,600 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in Dynex Capital by 122.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 15,100 shares during the last quarter. Amalgamated Bank grew its stake in shares of Dynex Capital by 50.5% during the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 973 shares during the period. Northern Trust Corp boosted its stake in Dynex Capital by 15.7% in the 4th quarter. Northern Trust Corp now owns 724,865 shares of the real estate investment trust’s stock worth $9,170,000 after purchasing an additional 98,537 shares during the period. Ameriprise Financial Inc. boosted its stake in Dynex Capital by 29.3% in the 4th quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust’s stock worth $11,564,000 after purchasing an additional 207,413 shares during the period. Finally, TrueMark Investments LLC boosted its stake in Dynex Capital by 60.1% in the 1st quarter. TrueMark Investments LLC now owns 183,360 shares of the real estate investment trust’s stock worth $2,387,000 after purchasing an additional 68,845 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Stock Down 0.7%

DX stock opened at $12.4350 on Friday. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. The business has a fifty day moving average price of $12.48 and a 200-day moving average price of $12.70. The stock has a market capitalization of $1.62 billion, a P/E ratio of 15.94 and a beta of 0.91.

Dynex Capital (NYSE:DX) last posted 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). The firm had revenue of $23.13 million for the quarter, compared to analysts’ expectations of $21.20 million. Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. Equities analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be given a dividend of $0.17 per share. This represents a yield of 1,650.0%. The ex-dividend date is Friday, August 22nd. Dynex Capital’s dividend payout ratio is 261.54%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group raised their price target on Dynex Capital from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Thursday, July 10th. Wall Street Zen cut Dynex Capital from a “hold” rating to a “sell” rating in a research note on Thursday, April 24th. Jones Trading lifted their price target on Dynex Capital from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.83.

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.