Rhumbline Advisers Boosts Position in Dynex Capital, Inc. $DX

Rhumbline Advisers raised its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,285 shares of the real estate investment trust’s stock after buying an additional 1,715 shares during the period. Rhumbline Advisers owned about 0.10% of Dynex Capital worth $1,423,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DX. Amalgamated Bank raised its stake in shares of Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 973 shares during the period. CWM LLC raised its position in Dynex Capital by 271.9% in the first quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,306 shares during the period. US Bancorp DE lifted its stake in shares of Dynex Capital by 35.2% during the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,338 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Dynex Capital by 89.7% in the first quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 3,650 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Dynex Capital in the first quarter valued at about $150,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Stock Down 0.4%

NYSE:DX opened at $12.32 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $12.56 and a 200-day moving average of $12.54. The firm has a market capitalization of $1.60 billion, a PE ratio of 15.79 and a beta of 0.93. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share (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 company had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.20 million. Analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 22nd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, September 22nd. Dynex Capital’s dividend payout ratio (DPR) is 261.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DX shares. Jones Trading boosted their price target on Dynex Capital from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods boosted their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, UBS Group raised their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.