CenterBook Partners LP Has $802,000 Stock Holdings in Dynex Capital, Inc. $DX

CenterBook Partners LP trimmed its holdings in Dynex Capital, Inc. (NYSE:DX) by 75.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,228 shares of the real estate investment trust’s stock after selling 203,343 shares during the period. CenterBook Partners LP’s holdings in Dynex Capital were worth $802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Founders Financial Alliance LLC lifted its stake in shares of Dynex Capital by 7.0% in the 3rd quarter. Founders Financial Alliance LLC now owns 27,384 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 1,794 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dynex Capital by 21.3% in the third quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock worth $92,345,000 after buying an additional 1,318,236 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Dynex Capital by 13.3% during the 3rd quarter. Rhumbline Advisers now owns 177,594 shares of the real estate investment trust’s stock worth $2,183,000 after acquiring an additional 20,805 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Dynex Capital by 139.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 252,197 shares of the real estate investment trust’s stock valued at $3,100,000 after acquiring an additional 147,042 shares during the last quarter. Finally, Navellier & Associates Inc. raised its stake in shares of Dynex Capital by 8.2% in the 3rd quarter. Navellier & Associates Inc. now owns 147,734 shares of the real estate investment trust’s stock valued at $1,816,000 after acquiring an additional 11,210 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

DX has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a report on Monday, December 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research note on Thursday, January 29th. Finally, JonesTrading boosted their target price on shares of Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research report 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $14.14 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.19. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.93. The firm has a fifty day moving average price of $14.08 and a two-hundred day moving average price of $13.38. The company has a market cap of $2.47 billion, a PE ratio of 6.93 and a beta of 0.98.

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

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd will be given a $0.17 dividend. The ex-dividend date is Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. Dynex Capital’s dividend payout ratio (DPR) is currently 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.