Brevan Howard Capital Management LP Purchases Shares of 18,931 Dynex Capital, Inc. (NYSE:DX)

Brevan Howard Capital Management LP purchased a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,931 shares of the real estate investment trust’s stock, valued at approximately $239,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Dynex Capital by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock worth $54,615,000 after acquiring an additional 260,798 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dynex Capital by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust’s stock valued at $23,256,000 after purchasing an additional 136,280 shares during the last quarter. Invesco Ltd. grew its stake in shares of Dynex Capital by 9.4% during the 4th quarter. Invesco Ltd. now owns 1,270,019 shares of the real estate investment trust’s stock valued at $16,066,000 after buying an additional 108,747 shares during the period. Mesirow Institutional Investment Management Inc. increased its holdings in shares of Dynex Capital by 29.1% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust’s stock worth $13,409,000 after buying an additional 239,053 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Dynex Capital by 29.3% during the 4th quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust’s stock worth $11,564,000 after buying an additional 207,413 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of DX stock opened at $12.44 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The company’s fifty day moving average price is $12.73 and its two-hundred day moving average price is $12.78. The firm has a market capitalization of $1.33 billion, a P/E ratio of 8.46 and a beta of 0.92. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The firm had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. On average, research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 16.40%. The ex-dividend date of this dividend was Wednesday, April 23rd. Dynex Capital’s dividend payout ratio (DPR) is presently 264.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DX. Keefe, Bruyette & Woods reduced their target price on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Thursday, April 24th. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Finally, Jones Trading cut their price target on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.83.

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.