Segall Bryant & Hamill LLC Buys New Position in Dynex Capital, Inc. $DX

Segall Bryant & Hamill LLC purchased a new position in Dynex Capital, Inc. (NYSE:DX) in the first quarter, Holdings Channel.com reports. The fund purchased 1,534,596 shares of the real estate investment trust’s stock, valued at approximately $19,581,000.

Several other large investors have also added to or reduced their stakes in the stock. Manning & Napier Advisors LLC bought a new position in Dynex Capital in the 1st quarter worth $2,552,000. Morling Financial Advisors LLC bought a new stake in shares of Dynex Capital during the 1st quarter valued at about $1,071,000. Callodine Capital Management LP bought a new stake in shares of Dynex Capital during the 1st quarter valued at about $21,320,000. M&T Bank Corp purchased a new position in shares of Dynex Capital during the fourth quarter valued at about $741,000. Finally, EMG Holdings L.P. purchased a new position in shares of Dynex Capital during the first quarter valued at about $4,402,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Down 0.9%

Shares of Dynex Capital stock opened at $12.71 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.15. The company has a 50-day moving average of $13.00 and a 200 day moving average of $13.36. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 4.83 and a beta of 0.95. Dynex Capital, Inc. has a 1 year low of $11.82 and a 1 year high of $14.93.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%. The company had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 23rd will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 16.1%. The ex-dividend date is Thursday, July 23rd. Dynex Capital’s dividend payout ratio (DPR) is presently 77.57%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating and issued a $14.50 price target (up from $14.00) on shares of Dynex Capital in a research note on Friday, April 24th. Wall Street Zen cut Dynex Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. BTIG Research set a $14.50 target price on Dynex Capital in a research report on Wednesday, June 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Two equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

Dynex Capital Profile

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.