Vanguard Group Inc. Acquires 876,931 Shares of Dynex Capital, Inc. $DX

Vanguard Group Inc. boosted its position in shares of Dynex Capital, Inc. (NYSE:DX) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,390,780 shares of the real estate investment trust’s stock after buying an additional 876,931 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Dynex Capital worth $117,555,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Dynex Capital by 98.5% during the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 928 shares during the period. Triumph Capital Management bought a new position in Dynex Capital during the 3rd quarter worth approximately $29,000. Signaturefd LLC raised its holdings in Dynex Capital by 84.8% during the 4th quarter. Signaturefd LLC now owns 3,290 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,510 shares during the last quarter. Huntington National Bank raised its holdings in Dynex Capital by 478,900.0% during the 3rd quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 4,789 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Dynex Capital during the 3rd quarter worth approximately $70,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Down 0.5%

NYSE DX opened at $13.31 on Wednesday. Dynex Capital, Inc. has a twelve month low of $11.70 and a twelve month high of $14.93. The firm has a market capitalization of $2.86 billion, a PE ratio of 7.87 and a beta of 0.97. The stock’s 50 day moving average is $13.22 and its 200 day moving average is $13.65.

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

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders 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 yield of 15.3%. Dynex Capital’s payout ratio is presently 120.71%.

Wall Street Analysts Forecast Growth

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

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.