BlackRock Inc. Has $241.72 Million Holdings in Dynex Capital, Inc. $DX

BlackRock Inc. increased its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,437,985 shares of the real estate investment trust's stock after purchasing an additional 2,355,906 shares during the period. BlackRock Inc. owned approximately 7.45% of Dynex Capital worth $241,722,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of 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 valued at $1,343,000 after acquiring an additional 36,455 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 acquiring an additional 373,610 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Dynex Capital by 51.5% in the 2nd quarter. Cetera Investment Advisers now owns 25,149 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 8,549 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dynex Capital by 241.6% during the second quarter. JPMorgan Chase & Co. now owns 183,247 shares of the real estate investment trust's stock worth $2,239,000 after purchasing an additional 129,601 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Dynex Capital by 36.0% during the second quarter. New York State Common Retirement Fund now owns 34,774 shares of the real estate investment trust's stock worth $425,000 after purchasing an additional 9,200 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Down 1.0%

DX opened at $12.88 on Thursday. Dynex Capital, Inc. has a 1-year low of $11.82 and a 1-year high of $14.93. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 4.90 and a beta of 0.96. The business has a 50 day moving average of $13.01 and a 200-day moving average of $13.18.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.36. The business had revenue of $302.75 million for the quarter, compared to analyst estimates of $103.62 million. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 15.8%. Dynex Capital's payout ratio is presently 77.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. BTIG Research set a $14.50 price target on Dynex Capital in a report on Wednesday, June 17th. JonesTrading reiterated a "buy" rating and issued a $14.75 target price on shares of Dynex Capital in a research note on Tuesday, July 21st. Wall Street Zen downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of Dynex Capital in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Dynex Capital in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.56.

Dynex Capital Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source