Lido Advisors LLC Purchases 56,026 Shares of Dynex Capital, Inc. $DX

Lido Advisors LLC boosted its position in shares of Dynex Capital, Inc. (NYSE:DX) by 104.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,768 shares of the real estate investment trust’s stock after buying an additional 56,026 shares during the period. Lido Advisors LLC owned approximately 0.05% of Dynex Capital worth $1,419,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 928 shares during the period. Federation des caisses Desjardins du Quebec bought a new position in Dynex Capital in the fourth quarter valued at approximately $28,000. Triumph Capital Management bought a new position in Dynex Capital in the third quarter valued at approximately $29,000. IMG Wealth Management Inc. acquired a new position in Dynex Capital during the fourth quarter valued at approximately $31,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Dynex Capital by 124.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,378 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,318 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen cut Dynex Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. UBS Group reiterated a “neutral” rating and issued a $14.50 price target (up from $14.00) on shares of Dynex Capital in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a report on Wednesday, June 24th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research report on Tuesday, July 21st. Finally, JonesTrading reaffirmed a “buy” rating and issued a $14.75 price objective on shares of Dynex Capital in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

Dynex Capital Stock Performance

NYSE DX opened at $12.65 on Tuesday. The firm’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $13.39. The stock has a market cap of $2.72 billion, a PE ratio of 4.81 and a beta of 0.95. Dynex Capital, Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $14.93.

Dynex Capital (NYSE:DX) last announced 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. Dynex Capital had a return on equity of 9.63% and a net margin of 49.18%.The company had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 23rd will be given a $0.17 dividend. The ex-dividend date is Thursday, July 23rd. This represents a c) annualized dividend and a yield of 16.1%. Dynex Capital’s dividend payout ratio (DPR) is currently 77.57%.

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.