Dynex Capital, Inc. $DX Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in Dynex Capital, Inc. (NYSE:DX) by 139.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 252,197 shares of the real estate investment trust’s stock after buying an additional 147,042 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.17% of Dynex Capital worth $3,100,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DX. AQR Capital Management LLC increased its position in Dynex Capital by 54.6% during the 1st quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 36,455 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Dynex Capital by 86.7% in the first quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock worth $10,474,000 after purchasing an additional 373,610 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in Dynex Capital by 45.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 19,900 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 6,200 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Dynex Capital by 19.2% in the second quarter. Koshinski Asset Management Inc. now owns 14,790 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 2,385 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Dynex Capital by 13.3% during the second quarter. International Assets Investment Management LLC now owns 37,926 shares of the real estate investment trust’s stock valued at $463,000 after buying an additional 4,463 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on DX. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research note on Monday, December 29th. Finally, Jones Trading increased their price target on shares of Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Dynex Capital currently has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Dynex Capital Price Performance

DX stock opened at $14.04 on Friday. The company has a market capitalization of $2.45 billion, a P/E ratio of 6.88 and a beta of 0.98. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.93. 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 price of $14.05 and a 200-day moving average price of $13.33.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). The firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $59.41 million. Dynex Capital had a return on equity of 7.72% and a net margin of 59.80%. As a group, equities analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a yield of 14.5%. Dynex Capital’s dividend payout ratio is presently 100.00%.

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.