Nuveen Asset Management LLC Purchases New Position in Dynex Capital Inc (NYSE:DX)
Nuveen Asset Management LLC purchased a new stake in Dynex Capital Inc (NYSE:DX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 130,831 shares of the real estate investment trust’s stock, valued at approximately $2,191,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DX. Whitener Capital Management Inc. bought a new stake in Dynex Capital during the second quarter worth approximately $33,000. Paloma Partners Management Co bought a new stake in Dynex Capital during the second quarter worth approximately $228,000. WINTON GROUP Ltd boosted its position in Dynex Capital by 70.4% during the second quarter. WINTON GROUP Ltd now owns 18,890 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 7,802 shares during the period. Canada Pension Plan Investment Board bought a new stake in Dynex Capital during the second quarter worth approximately $499,000. Finally, Yorktown Management & Research Co Inc bought a new stake in Dynex Capital during the second quarter worth approximately $988,000. 52.99% of the stock is owned by institutional investors and hedge funds.
In other Dynex Capital news, CFO Stephen J. Benedetti acquired 4,000 shares of Dynex Capital stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $14.68 per share, with a total value of $58,720.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.36% of the stock is currently owned by corporate insiders.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). Dynex Capital had a negative net margin of 157.13% and a positive return on equity of 12.74%. The business had revenue of $12.94 million during the quarter. Equities research analysts forecast that Dynex Capital Inc will post 1.85 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, October 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.80 annualized dividend and a dividend yield of 11.58%. Dynex Capital’s dividend payout ratio is 82.19%.
DX has been the subject of a number of recent analyst reports. ValuEngine raised Dynex Capital from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $19.82.
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.
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