SG Americas Securities LLC Sells 58,267 Shares of Dynex Capital, Inc. $DX

SG Americas Securities LLC reduced its position in Dynex Capital, Inc. (NYSE:DX) by 53.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,185 shares of the real estate investment trust’s stock after selling 58,267 shares during the quarter. SG Americas Securities LLC’s holdings in Dynex Capital were worth $653,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Dynex Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 8,390,780 shares of the real estate investment trust’s stock valued at $117,555,000 after purchasing an additional 876,931 shares in the last quarter. Geode Capital Management LLC grew its position in Dynex Capital by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 3,489,121 shares of the real estate investment trust’s stock valued at $48,892,000 after purchasing an additional 257,719 shares during the period. State Street Corp lifted its stake in shares of Dynex Capital by 11.5% in the fourth quarter. State Street Corp now owns 3,032,436 shares of the real estate investment trust’s stock valued at $42,484,000 after buying an additional 313,319 shares in the last quarter. Millennium Management LLC increased its position in shares of Dynex Capital by 79.8% during the third quarter. Millennium Management LLC now owns 2,235,018 shares of the real estate investment trust’s stock worth $27,468,000 after acquiring an additional 992,269 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Dynex Capital by 87.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,136,636 shares of the real estate investment trust’s stock worth $29,934,000 after acquiring an additional 998,736 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on DX shares. UBS Group reissued a “neutral” rating and set a $14.50 price objective (up from $14.00) on shares of Dynex Capital in a report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, BTIG Research set a $14.50 price target on shares of Dynex Capital in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dynex Capital presently has an average rating of “Moderate Buy” and an average target price of $14.69.

Dynex Capital Trading Up 0.1%

Shares of DX stock traded up $0.01 during trading hours on Tuesday, hitting $13.26. 341,378 shares of the company were exchanged, compared to its average volume of 5,825,053. The firm has a fifty day simple moving average of $13.09 and a 200 day simple moving average of $13.48. Dynex Capital, Inc. has a 52-week low of $11.82 and a 52-week high of $14.93. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.85 and a beta of 0.95.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%. The firm had revenue of ($59.11) million during the quarter, compared to analysts’ expectations of $67.37 million.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 22nd were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 15.4%. The ex-dividend date of this dividend was Monday, June 22nd. Dynex Capital’s dividend payout ratio is currently 120.71%.

Dynex Capital Company Profile

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.