Edgestream Partners L.P. Takes $1.80 Million Position in Dynex Capital, Inc. $DX

Edgestream Partners L.P. acquired a new position in Dynex Capital, Inc. (NYSE:DX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 146,902 shares of the real estate investment trust’s stock, valued at approximately $1,795,000. Edgestream Partners L.P. owned approximately 0.11% of Dynex Capital as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its stake in Dynex Capital by 36.0% in the 2nd quarter. New York State Common Retirement Fund now owns 34,774 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 9,200 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Dynex Capital by 97.1% during the second quarter. J.W. Cole Advisors Inc. now owns 32,138 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 15,836 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Dynex Capital in the second quarter worth approximately $1,285,000. Ameritas Investment Partners Inc. raised its stake in Dynex Capital by 26.5% in the second quarter. Ameritas Investment Partners Inc. now owns 10,768 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Dynex Capital in the second quarter valued at approximately $331,000. Institutional investors own 38.34% of the company’s stock.

Insiders Place Their Bets

In other Dynex Capital news, CEO Smriti Laxman Popenoe purchased 4,260 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was bought at an average cost of $12.16 per share, with a total value of $51,801.60. Following the transaction, the chief executive officer directly owned 407,338 shares in the company, valued at approximately $4,953,230.08. The trade was a 1.06% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert S. Colligan acquired 4,200 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of $12.12 per share, for a total transaction of $50,904.00. Following the purchase, the chief financial officer directly owned 120,857 shares of the company’s stock, valued at $1,464,786.84. This represents a 3.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jones Trading reissued a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research report on Monday. Finally, UBS Group set a $13.25 price target on Dynex Capital and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Dynex Capital has an average rating of “Hold” and an average price target of $13.42.

Dynex Capital Stock Performance

Dynex Capital stock opened at $14.02 on Friday. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The stock’s 50 day simple moving average is $13.36 and its two-hundred day simple moving average is $12.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 9.47 and a beta of 0.97.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.19). Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%.The firm had revenue of $421.91 million during the quarter, compared to the consensus estimate of $32.06 million. As a group, analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a yield of 14.6%. Dynex Capital’s dividend payout ratio (DPR) is currently 137.84%.

Dynex Capital 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.