International Assets Investment Management LLC Has $463,000 Position in Dynex Capital, Inc. $DX

International Assets Investment Management LLC increased its stake in Dynex Capital, Inc. (NYSE:DX) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,926 shares of the real estate investment trust’s stock after purchasing an additional 4,463 shares during the quarter. International Assets Investment Management LLC’s holdings in Dynex Capital were worth $463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 973 shares during the last quarter. CWM LLC lifted its holdings in Dynex Capital by 271.9% in the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,306 shares during the last quarter. US Bancorp DE lifted its holdings in Dynex Capital by 35.2% in the 1st quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,338 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Dynex Capital by 89.7% in the 1st quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 3,650 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Dynex Capital in the 1st quarter worth approximately $150,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Smriti Laxman Popenoe purchased 4,260 shares of the stock in a transaction on Friday, September 26th. The shares were purchased at an average cost of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the transaction, the chief executive officer directly owned 407,338 shares of the company’s stock, valued at approximately $4,953,230.08. The trade was a 1.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert S. Colligan purchased 4,200 shares of the stock in a transaction on Friday, September 26th. The stock was bought at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the completion of the transaction, the chief financial officer directly owned 120,857 shares of the company’s stock, valued at approximately $1,464,786.84. This trade represents a 3.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

DX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Jones Trading reiterated a “buy” rating and set a $14.00 price target on shares of Dynex Capital in a report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dynex Capital in a report on Wednesday, October 8th. Finally, UBS Group set a $13.25 price target on Dynex Capital and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Dynex Capital presently has a consensus rating of “Hold” and a consensus price target of $13.42.

Dynex Capital Stock Performance

Shares of NYSE DX opened at $13.28 on Wednesday. The business has a fifty day simple moving average of $12.63 and a 200 day simple moving average of $12.38. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 8.97 and a beta of 0.92. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, October 20th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). The firm had revenue of $30.61 million during the quarter, compared to analyst estimates of $32.06 million. Dynex Capital had a net margin of 41.53% and a return on equity of 7.37%. Sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 23rd will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 15.4%. The ex-dividend date is Thursday, October 23rd. Dynex Capital’s dividend payout ratio is 261.54%.

Dynex Capital 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.