345,000 Shares in Dynex Capital, Inc. $DX Purchased by EMG Holdings L.P.

EMG Holdings L.P. purchased a new stake in shares of Dynex Capital, Inc. (NYSE:DX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 345,000 shares of the real estate investment trust’s stock, valued at approximately $4,402,000. Dynex Capital accounts for 1.1% of EMG Holdings L.P.’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Financial LLC grew its position in shares of Dynex Capital by 0.4% in the 4th quarter. Summit Financial LLC now owns 211,048 shares of the real estate investment trust’s stock worth $2,957,000 after buying an additional 903 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dynex Capital by 98.5% during the fourth quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 928 shares in the last quarter. Huntington National Bank lifted its stake in Dynex Capital by 22.3% in the fourth quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,066 shares during the period. Brevan Howard Capital Management LP boosted its holdings in Dynex Capital by 2.1% in the third quarter. Brevan Howard Capital Management LP now owns 52,725 shares of the real estate investment trust’s stock valued at $648,000 after acquiring an additional 1,074 shares in the last quarter. Finally, Lido Advisors LLC increased its position in Dynex Capital by 2.3% during the 3rd quarter. Lido Advisors LLC now owns 53,321 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 1,179 shares during the period. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Trading Down 0.1%

Shares of NYSE DX opened at $12.82 on Friday. The firm’s 50 day moving average price is $13.00 and its 200-day moving average price is $13.36. The company has a market cap of $3.17 billion, a PE ratio of 4.87 and a beta of 0.95. Dynex Capital, Inc. has a 52-week low of $11.82 and a 52-week high of $14.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.16.

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

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 23rd will be paid a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 15.9%. The ex-dividend date is Thursday, July 23rd. Dynex Capital’s dividend payout ratio (DPR) is currently 77.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DX. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Tuesday, July 21st. UBS Group reaffirmed a “neutral” rating and set a $14.50 price objective (up from $14.00) on shares of Dynex Capital in a research report on Friday, April 24th. JonesTrading reiterated a “buy” rating and set a $14.75 target price on shares of Dynex Capital in a report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research report on Wednesday, June 24th. Finally, BTIG Research set a $14.50 target price on Dynex Capital in a research note on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.56.

Dynex Capital Company 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.