Susquehanna Fundamental Investments LLC Has $4.57 Million Stock Position in Dynex Capital, Inc. $DX

Susquehanna Fundamental Investments LLC cut its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 50.2% in the 2nd quarter, Holdings Channel reports. The firm owned 348,385 shares of the real estate investment trust’s stock after selling 351,464 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Dynex Capital were worth $4,567,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of Dynex Capital by 54.6% during the 1st quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock worth $1,343,000 after buying an additional 36,455 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Dynex Capital by 86.7% in the first quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock valued at $10,474,000 after acquiring an additional 373,610 shares during the last quarter. Cetera Investment Advisers raised its stake in Dynex Capital by 51.5% during the second quarter. Cetera Investment Advisers now owns 25,149 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 8,549 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Dynex Capital by 241.6% during the second quarter. JPMorgan Chase & Co. now owns 183,247 shares of the real estate investment trust’s stock worth $2,239,000 after acquiring an additional 129,601 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Dynex Capital by 36.0% in the second quarter. New York State Common Retirement Fund now owns 34,774 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 9,200 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Stock Performance

NYSE:DX opened at $12.91 on Tuesday. The stock’s 50-day moving average is $13.00 and its 200-day moving average is $13.16. Dynex Capital, Inc. has a 1-year low of $11.82 and a 1-year high of $14.93. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.19 billion, a P/E ratio of 4.91 and a beta of 0.96.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data 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 business had revenue of $302.75 million during the quarter, compared to analyst estimates of $103.62 million.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 15.8%. Dynex Capital’s dividend payout ratio (DPR) is presently 77.57%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DX shares. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research note on Tuesday, July 21st. JonesTrading reissued a “buy” rating and issued a $14.75 price objective on shares of Dynex Capital in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Finally, BTIG Research set a $14.50 price target on shares of Dynex Capital in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dynex Capital 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.