99,369 Shares in Dynex Capital, Inc. $DX Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 99,369 shares of the real estate investment trust’s stock, valued at approximately $1,392,000. GSA Capital Partners LLP owned approximately 0.06% of Dynex Capital as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DX. AQR Capital Management LLC grew its position in shares of Dynex Capital by 54.6% in the 1st quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock valued at $1,343,000 after acquiring an additional 36,455 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Dynex Capital by 86.7% in the 1st 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 period. Cetera Investment Advisers grew its position in shares of Dynex Capital by 51.5% in the 2nd quarter. Cetera Investment Advisers now owns 25,149 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 8,549 shares during the period. JPMorgan Chase & Co. grew its position in shares of Dynex Capital by 241.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 183,247 shares of the real estate investment trust’s stock valued at $2,239,000 after acquiring an additional 129,601 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Dynex Capital by 36.0% in the 2nd quarter. New York State Common Retirement Fund now owns 34,774 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 9,200 shares during the period. 38.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DX shares. UBS Group restated a “neutral” rating and issued a $14.50 price objective (up from $14.00) on shares of Dynex Capital in a research note on Friday, April 24th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Friday, March 27th. JonesTrading upped their price objective on Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, Wall Street Zen lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Dynex Capital presently has an average rating of “Moderate Buy” and a consensus price target of $14.75.

Dynex Capital Stock Up 0.7%

NYSE:DX opened at $12.87 on Thursday. The stock’s 50 day moving average price is $13.14 and its two-hundred day moving average price is $13.63. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 7.62 and a beta of 0.97. Dynex Capital, Inc. has a 12-month low of $11.70 and a 12-month high of $14.93.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of ($59.11) million during the quarter, compared to the consensus estimate of $67.37 million. Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. Dynex Capital’s dividend payout ratio (DPR) is 120.71%.

About Dynex Capital

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.