SG Americas Securities LLC Has $1.53 Million Stock Position in Dynex Capital, Inc. $DX

SG Americas Securities LLC reduced its position in Dynex Capital, Inc. (NYSE:DX) by 29.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,452 shares of the real estate investment trust’s stock after selling 46,720 shares during the period. SG Americas Securities LLC owned about 0.07% of Dynex Capital worth $1,533,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DX. Advisors Asset Management Inc. boosted its stake in Dynex Capital by 139.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 252,197 shares of the real estate investment trust’s stock worth $3,100,000 after purchasing an additional 147,042 shares during the period. Vanguard Group Inc. boosted its position in shares of Dynex Capital by 21.3% in the third quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock worth $92,345,000 after buying an additional 1,318,236 shares during the period. Waterfall Asset Management LLC purchased a new position in shares of Dynex Capital during the third quarter valued at $1,842,000. EMG Holdings L.P. acquired a new position in Dynex Capital during the third quarter valued at $8,550,000. Finally, Algebris UK Ltd. lifted its stake in Dynex Capital by 69.2% in the 3rd quarter. Algebris UK Ltd. now owns 1,669,288 shares of the real estate investment trust’s stock worth $20,500,000 after acquiring an additional 682,655 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JonesTrading raised their price objective on Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research report on Friday, March 27th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $12.91 on Tuesday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 6.33 and a beta of 0.99. The stock has a 50-day simple moving average of $13.53 and a 200-day simple moving average of $13.53. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.93.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $59.41 million. Dynex Capital had a return on equity of 6.83% and a net margin of 59.80%. As a group, equities research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 23rd were paid a dividend of $0.17 per share. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 15.8%. Dynex Capital’s dividend payout ratio is 100.00%.

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.