SG Americas Securities LLC Has $653,000 Stock Holdings in Dynex Capital, Inc. $DX

SG Americas Securities LLC cut its position in shares of Dynex Capital, Inc. (NYSE:DXFree Report) by 53.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,185 shares of the real estate investment trust’s stock after selling 58,267 shares during the period. SG Americas Securities LLC’s holdings in Dynex Capital were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Intech Investment Management LLC lifted its stake in Dynex Capital by 2.0% during the third quarter. Intech Investment Management LLC now owns 46,370 shares of the real estate investment trust’s stock worth $570,000 after purchasing an additional 900 shares during the period. Summit Financial LLC boosted its stake in Dynex Capital by 0.4% in the 4th quarter. Summit Financial LLC now owns 211,048 shares of the real estate investment trust’s stock valued at $2,957,000 after buying an additional 903 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Dynex Capital by 98.5% in the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 928 shares during the last quarter. Huntington National Bank increased its holdings in shares of Dynex Capital by 22.3% during the fourth quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,066 shares in the last quarter. Finally, Brevan Howard Capital Management LP raised its position in Dynex Capital by 2.1% in the 3rd quarter. Brevan Howard Capital Management LP now owns 52,725 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Analyst Ratings Changes

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

Get Our Latest Stock Report on DX

Dynex Capital Stock Up 0.1%

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

Dynex Capital (NYSE:DXGet Free Report) last released 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). The company had revenue of ($59.11) million during the quarter, compared to analyst estimates of $67.37 million. Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 22nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) annualized dividend and a yield of 15.4%. Dynex Capital’s payout ratio is currently 120.71%.

Dynex Capital Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dynex Capital, Inc. (NYSE:DXFree Report).

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

Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.