Algebris UK Ltd. Has $20.50 Million Position in Dynex Capital, Inc. $DX

Algebris UK Ltd. increased its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 69.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,669,288 shares of the real estate investment trust’s stock after acquiring an additional 682,655 shares during the quarter. Dynex Capital makes up about 2.3% of Algebris UK Ltd.’s portfolio, making the stock its 17th largest position. Algebris UK Ltd. owned approximately 1.14% of Dynex Capital worth $20,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Dynex Capital by 54.6% during the first quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 36,455 shares during the period. Goldman Sachs Group Inc. increased its position in Dynex Capital by 86.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock valued at $10,474,000 after buying an additional 373,610 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Dynex Capital during the 2nd quarter worth approximately $300,000. BayBridge Capital Group LLC boosted its holdings 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 acquiring an additional 1,437 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in Dynex Capital by 45.3% in the second quarter. KLP Kapitalforvaltning AS now owns 19,900 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 6,200 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Performance

Shares of Dynex Capital stock opened at $14.61 on Monday. The business’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $13.18. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.67. The firm has a market capitalization of $2.14 billion, a P/E ratio of 9.87 and a beta of 0.98.

Dynex Capital Dividend Announcement

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

Analysts Set New Price Targets

DX has been the topic of a number of research reports. Jones Trading reaffirmed a “buy” rating and set a $14.00 target price on shares of Dynex Capital in a research 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. Keefe, Bruyette & Woods upped their price objective on shares of Dynex Capital from $14.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, UBS Group set a $13.25 price objective on shares of 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.92.

Dynex Capital Profile

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.