Russell Investments Group Ltd. Increases Stock Holdings in Dynex Capital, Inc. $DX

Russell Investments Group Ltd. lifted its position in Dynex Capital, Inc. (NYSE:DX) by 89.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,721 shares of the real estate investment trust’s stock after buying an additional 3,650 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dynex Capital were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Dynex Capital in the first quarter worth about $1,822,000. Entropy Technologies LP purchased a new stake in shares of Dynex Capital in the first quarter worth about $735,000. Invesco Ltd. lifted its holdings in shares of Dynex Capital by 5.9% in the first quarter. Invesco Ltd. now owns 1,344,333 shares of the real estate investment trust’s stock worth $17,503,000 after buying an additional 74,314 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of Dynex Capital by 12.1% in the first quarter. Founders Financial Alliance LLC now owns 23,770 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 2,575 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Dynex Capital by 4.6% in the first quarter. Swiss National Bank now owns 153,733 shares of the real estate investment trust’s stock worth $2,002,000 after buying an additional 6,800 shares in the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Stock Up 1.2%

Shares of NYSE DX opened at $12.59 on Thursday. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s 50 day simple moving average is $12.55 and its two-hundred day simple moving average is $12.64. The stock has a market capitalization of $1.63 billion, a P/E ratio of 16.13 and a beta of 0.93.

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

Dynex Capital Dividend Announcement

The company also recently announced a aug 25 dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd were issued a $0.17 dividend. The ex-dividend date was Friday, August 22nd. This represents a dividend yield of 1,650.0%. Dynex Capital’s dividend payout ratio (DPR) is currently 261.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DX shares. Keefe, Bruyette & Woods increased their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Jones Trading increased their price target 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 raised their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.00.

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.