UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Dynex Capital, Inc. (NYSE:DX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 68.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,044 shares of the real estate investment trust's stock after buying an additional 42,755 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Dynex Capital worth $1,340,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Dynex Capital by 62.1% during the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust's stock valued at $30,756,000 after buying an additional 986,471 shares during the period. EMG Holdings L.P. purchased a new position in shares of Dynex Capital during the 2nd quarter worth $4,738,000. International Assets Investment Management LLC boosted its holdings in shares of Dynex Capital by 1,152.5% during the third quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust's stock worth $5,187,000 after purchasing an additional 374,074 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Dynex Capital by 69.1% in the second quarter. Van ECK Associates Corp now owns 719,151 shares of the real estate investment trust's stock valued at $8,587,000 after purchasing an additional 293,888 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in Dynex Capital by 933.1% in the third quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust's stock valued at $2,875,000 after purchasing an additional 203,494 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a "market perform" rating on shares of Dynex Capital in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.56.

Dynex Capital Price Performance

DX stock opened at $12.57 on Wednesday. The company has a market cap of $996.80 million, a PE ratio of 9.98 and a beta of 1.31. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $12.47 and a two-hundred day moving average price of $12.33. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $13.13.

Dynex Capital (NYSE:DX - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39). The firm had revenue of $83.46 million for the quarter, compared to analysts' expectations of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same quarter in the previous year, the firm posted ($0.28) EPS. As a group, research analysts predict that Dynex Capital, Inc. will post 1.03 EPS for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, January 2nd will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.32%. The ex-dividend date of this dividend is Thursday, January 2nd. Dynex Capital's payout ratio is 142.86%.

Dynex Capital Company Profile

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.