PDS Planning Inc Increases Holdings in Dynex Capital, Inc. (NYSE:DX)

PDS Planning Inc lifted its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 60.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,447 shares of the real estate investment trust’s stock after purchasing an additional 9,625 shares during the quarter. PDS Planning Inc’s holdings in Dynex Capital were worth $331,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Dynex Capital by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock valued at $54,615,000 after purchasing an additional 260,798 shares during the period. Geode Capital Management LLC raised its position in shares of Dynex Capital by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust’s stock worth $23,256,000 after buying an additional 136,280 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dynex Capital by 6.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock valued at $18,053,000 after buying an additional 81,510 shares during the period. Invesco Ltd. grew its position in Dynex Capital by 9.4% during the fourth quarter. Invesco Ltd. now owns 1,270,019 shares of the real estate investment trust’s stock worth $16,066,000 after buying an additional 108,747 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. increased its stake in Dynex Capital by 29.1% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust’s stock worth $13,409,000 after acquiring an additional 239,053 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DX shares. Keefe, Bruyette & Woods dropped their price target on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Jones Trading lowered their target price on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 24th.

Dynex Capital Stock Down 0.5%

DX opened at $12.14 on Friday. The business’s fifty day simple moving average is $12.18 and its 200 day simple moving average is $12.72. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52. The stock has a market cap of $1.30 billion, a PE ratio of 15.76 and a beta of 0.93.

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

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 16.81%. The ex-dividend date is Monday, June 23rd. Dynex Capital’s dividend payout ratio (DPR) 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.