Citadel Advisors LLC Has $1.46 Million Holdings in Dynex Capital, Inc. (DX)
Citadel Advisors LLC grew its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,723 shares of the real estate investment trust’s stock after buying an additional 15,848 shares during the period. Citadel Advisors LLC owned 0.42% of Dynex Capital worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hancock Holding Co. increased its stake in Dynex Capital by 4.4% during the 2nd quarter. Hancock Holding Co. now owns 26,708 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 1,115 shares during the period. Advisor Group Inc. lifted its stake in shares of Dynex Capital by 16.5% in the 2nd quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 2,500 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Dynex Capital by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,120,969 shares of the real estate investment trust’s stock valued at $15,059,000 after acquiring an additional 60,328 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Dynex Capital by 6.2% in the second quarter. Northern Trust Corp now owns 619,365 shares of the real estate investment trust’s stock valued at $4,398,000 after acquiring an additional 35,886 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Dynex Capital by 29.4% in the second quarter. Van ECK Associates Corp now owns 262,291 shares of the real estate investment trust’s stock valued at $1,862,000 after acquiring an additional 59,646 shares in the last quarter. 44.41% of the stock is currently owned by institutional investors.
Dynex Capital, Inc. (NYSE:DX) opened at 7.14 on Tuesday. Dynex Capital, Inc. has a 52 week low of $6.49 and a 52 week high of $7.41. The firm has a market cap of $351.53 million, a PE ratio of 4.64 and a beta of 0.84. The stock has a 50 day moving average of $7.16 and a 200 day moving average of $7.00.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $14.26 million. Dynex Capital had a return on equity of 11.04% and a net margin of 93.54%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. Analysts anticipate that Dynex Capital, Inc. will post $0.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 3rd will be paid a $0.18 dividend. The ex-dividend date is Monday, October 2nd. This represents a $0.72 annualized dividend and a dividend yield of 10.08%. Dynex Capital’s dividend payout ratio (DPR) is currently 46.75%.
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Several equities research analysts recently commented on DX shares. BidaskClub cut Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Dynex Capital presently has a consensus rating of “Hold” and an average price target of $7.00.
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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