Dynex Capital Inc (DX) Holdings Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in shares of Dynex Capital Inc (NYSE:DX) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,146 shares of the real estate investment trust’s stock after selling 15,173 shares during the quarter. Commonwealth Equity Services LLC owned 0.56% of Dynex Capital worth $2,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of DX. Millennium Management LLC lifted its position in shares of Dynex Capital by 187.2% during the 4th quarter. Millennium Management LLC now owns 927,737 shares of the real estate investment trust’s stock worth $6,503,000 after buying an additional 604,668 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Dynex Capital by 314.0% during the 4th quarter. Allianz Asset Management GmbH now owns 668,491 shares of the real estate investment trust’s stock worth $4,686,000 after purchasing an additional 507,009 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Dynex Capital by 50.3% during the 4th quarter. Two Sigma Advisers LP now owns 713,277 shares of the real estate investment trust’s stock worth $5,000,000 after purchasing an additional 238,700 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Dynex Capital by 75.4% during the 4th quarter. Deutsche Bank AG now owns 531,253 shares of the real estate investment trust’s stock worth $3,723,000 after purchasing an additional 228,384 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Dynex Capital by 27.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,027,906 shares of the real estate investment trust’s stock worth $7,206,000 after purchasing an additional 219,006 shares during the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Barry Igdaloff sold 9,349 shares of Dynex Capital stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $6.53, for a total value of $61,048.97. Following the completion of the transaction, the director now directly owns 318,986 shares in the company, valued at approximately $2,082,978.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.96% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Dynex Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. TheStreet lowered shares of Dynex Capital from a “c” rating to a “d+” rating in a research note on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price target on shares of Dynex Capital in a research note on Friday, February 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dynex Capital presently has an average rating of “Hold” and a consensus target price of $7.50.

Shares of DX stock opened at $6.57 on Thursday. Dynex Capital Inc has a 12-month low of $6.01 and a 12-month high of $7.41. The company has a market cap of $370.19 million, a PE ratio of 8.61 and a beta of 0.62.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Dynex Capital had a return on equity of 12.27% and a net margin of 71.08%. The company had revenue of $13.60 million for the quarter. research analysts expect that Dynex Capital Inc will post 0.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Thursday, July 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, July 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 10.96%. Dynex Capital’s dividend payout ratio is 98.63%.

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.

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Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

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