Dynex Capital, Inc. $DX Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of Dynex Capital, Inc. (NYSE:DX) by 265.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 140,953 shares of the real estate investment trust’s stock after acquiring an additional 102,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Dynex Capital were worth $1,756,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DX. Private Wealth Management Group LLC acquired a new position in shares of Dynex Capital in the 3rd quarter valued at about $36,000. Transce3nd LLC purchased a new stake in Dynex Capital during the second quarter worth approximately $49,000. CWM LLC increased its position in shares of Dynex Capital by 156.5% in the third quarter. CWM LLC now owns 6,319 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 3,855 shares in the last quarter. Savant Capital LLC purchased a new position in shares of Dynex Capital in the 2nd quarter valued at $123,000. Finally, Ethic Inc. acquired a new position in shares of Dynex Capital during the 3rd quarter valued at $126,000. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Stock Down 0.2%

DX stock opened at $14.03 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $13.08. The company has a market capitalization of $2.06 billion, a P/E ratio of 9.48 and a beta of 0.98. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). The company had revenue of $421.91 million for the quarter, compared to the consensus estimate of $32.06 million. Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. On average, equities research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a yield of 14.5%. Dynex Capital’s dividend payout ratio (DPR) is 137.84%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DX shares. UBS Group set a $13.25 target price on Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on shares of Dynex Capital from $14.00 to $14.50 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Finally, Jones Trading reaffirmed a “buy” rating and set a $14.00 price target on shares of Dynex Capital in a report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.92.

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.