Nationwide Fund Advisors increased its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 20.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,087 shares of the real estate investment trust’s stock after purchasing an additional 5,262 shares during the quarter. Nationwide Fund Advisors owned approximately 0.06% of Dynex Capital worth $221,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Dynex Capital by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,060,641 shares of the real estate investment trust’s stock valued at $14,610,000 after buying an additional 83,438 shares during the period. LSV Asset Management grew its holdings in Dynex Capital by 4.4% in the 2nd quarter. LSV Asset Management now owns 1,544,592 shares of the real estate investment trust’s stock valued at $10,966,000 after buying an additional 64,994 shares during the period. Prudential Financial Inc. grew its holdings in Dynex Capital by 16.0% in the 2nd quarter. Prudential Financial Inc. now owns 672,736 shares of the real estate investment trust’s stock valued at $4,776,000 after buying an additional 93,000 shares during the period. Renaissance Technologies LLC grew its holdings in Dynex Capital by 30.2% in the 1st quarter. Renaissance Technologies LLC now owns 472,800 shares of the real estate investment trust’s stock valued at $3,352,000 after buying an additional 109,778 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Dynex Capital by 9.8% in the 1st quarter. Geode Capital Management LLC now owns 439,727 shares of the real estate investment trust’s stock valued at $3,116,000 after buying an additional 39,237 shares during the period. Hedge funds and other institutional investors own 41.74% of the company’s stock.
Several research firms have commented on DX. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $7.50 price target on shares of Dynex Capital in a report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.25 price target on shares of Dynex Capital in a report on Friday, October 6th. Finally, BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $7.38.
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Shares of Dynex Capital, Inc. (DX) opened at $6.94 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a fifty-two week low of $6.58 and a fifty-two week high of $7.41. The stock has a market capitalization of $367.21, a PE ratio of 9.45 and a beta of 0.81.
Dynex Capital (NYSE:DX) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Dynex Capital had a return on equity of 11.08% and a net margin of 86.86%. The business had revenue of $13.21 million during the quarter, compared to analysts’ expectations of $15.36 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. research analysts expect that Dynex Capital, Inc. will post 0.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 3rd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date was Monday, October 2nd. Dynex Capital’s payout ratio is currently 50.00%.
Dynex Capital Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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