Envestnet Asset Management Inc. Acquires 5,655 Shares of Dynex Capital, Inc. (NYSE:DX)

Envestnet Asset Management Inc. lifted its stake in Dynex Capital, Inc. (NYSE:DX) by 20.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,776 shares of the real estate investment trust’s stock after acquiring an additional 5,655 shares during the period. Envestnet Asset Management Inc.’s holdings in Dynex Capital were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DX. Amalgamated Bank raised its stake in Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 973 shares during the last quarter. Rhumbline Advisers boosted its stake in Dynex Capital by 1.6% in the 1st quarter. Rhumbline Advisers now owns 109,285 shares of the real estate investment trust’s stock worth $1,423,000 after purchasing an additional 1,715 shares in the last quarter. International Assets Investment Management LLC grew its position in Dynex Capital by 5.4% during the 1st quarter. International Assets Investment Management LLC now owns 33,463 shares of the real estate investment trust’s stock worth $436,000 after purchasing an additional 1,724 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 2,223 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Dynex Capital by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 45,262 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 2,905 shares during the period. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Trading Down 1.4%

Shares of NYSE:DX opened at $12.36 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. The business has a 50 day moving average of $12.40 and a two-hundred day moving average of $12.73. The company has a market capitalization of $1.61 billion, a PE ratio of 15.84 and a beta of 0.91.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.27). The firm had revenue of $23.13 million during the quarter, compared to analyst estimates of $21.20 million. Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. As a group, analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 1st. Investors of record on Wednesday, July 23rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 16.5%. Dynex Capital’s dividend payout ratio is presently 261.54%.

Analysts Set New Price Targets

A number of brokerages have commented on DX. Wall Street Zen cut Dynex Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods upped their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Jones Trading raised their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, UBS Group boosted their target price on shares of Dynex Capital from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.83.

Dynex Capital Company Profile

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.