Bailard Inc. Invests $628,000 in Dynex Capital, Inc. $DX

Bailard Inc. acquired a new position in Dynex Capital, Inc. (NYSE:DX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 51,100 shares of the real estate investment trust’s stock, valued at approximately $628,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BayBridge Capital Group LLC raised its stake in Dynex Capital by 5.9% in the second quarter. BayBridge Capital Group LLC now owns 25,910 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 1,437 shares in the last quarter. Cambridge Advisors Inc. increased its holdings in shares of Dynex Capital by 9.9% in the 2nd quarter. Cambridge Advisors Inc. now owns 21,000 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 1,896 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Dynex Capital by 26.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,768 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,257 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of Dynex Capital by 19.2% during the 2nd quarter. Koshinski Asset Management Inc. now owns 14,790 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 2,385 shares during the last quarter. Finally, CenterBook Partners LP lifted its stake in shares of Dynex Capital by 1.1% during the 2nd quarter. CenterBook Partners LP now owns 268,571 shares of the real estate investment trust’s stock worth $3,282,000 after purchasing an additional 2,844 shares during the last quarter. 38.34% of the stock is owned by institutional investors.

Dynex Capital Stock Up 1.1%

DX opened at $14.61 on Friday. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.67. 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 company has a fifty day moving average of $13.92 and a two-hundred day moving average of $13.17. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 9.87 and a beta of 0.98.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 21st will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date is Wednesday, January 21st. Dynex Capital’s dividend payout ratio is 137.84%.

Wall Street Analyst Weigh In

DX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Dynex Capital from $14.00 to $14.50 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Jones Trading reiterated a “buy” rating and set a $14.00 price objective on shares of Dynex Capital in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Monday, December 29th. Finally, UBS Group set a $13.25 price target on Dynex Capital and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.92.

About Dynex Capital

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.