113,850 Shares in Dynex Capital, Inc. $DX Purchased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. has acquired 113,850 shares of Dynex Capital, Inc. for approximately $1.48 million, representing about 0.11% ownership as of the latest quarter.
• Dynex Capital's stock recently received multiple price target increases from analysts, with a consensus target price of $12.83 and an average rating of "Moderate Buy."
• The company announced a dividend of $0.17 per share, with a significant yield, scheduled to be paid on September 2nd to stockholders of record on August 22nd.

Capital Fund Management S.A. acquired a new position in Dynex Capital, Inc. (NYSE:DX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 113,850 shares of the real estate investment trust's stock, valued at approximately $1,482,000. Capital Fund Management S.A. owned about 0.11% of Dynex Capital as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Dynex Capital by 4.8% in the first quarter. Northern Trust Corp now owns 759,630 shares of the real estate investment trust's stock worth $9,890,000 after purchasing an additional 34,765 shares during the last quarter. Fox Run Management L.L.C. raised its stake in shares of Dynex Capital by 531.1% in the first quarter. Fox Run Management L.L.C. now owns 93,635 shares of the real estate investment trust's stock worth $1,219,000 after purchasing an additional 78,798 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Dynex Capital by 89.7% in the first quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 3,650 shares during the last quarter. Nuveen LLC purchased a new position in shares of Dynex Capital in the first quarter worth $1,822,000. Finally, Entropy Technologies LP purchased a new position in Dynex Capital in the 1st quarter worth about $735,000. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Stock Performance

DX stock traded up $0.13 during midday trading on Friday, reaching $12.62. 4,441,497 shares of the company's stock traded hands, compared to its average volume of 3,569,105. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. The stock's 50-day moving average is $12.51 and its 200 day moving average is $12.65. The stock has a market cap of $1.64 billion, a P/E ratio of 16.18 and a beta of 0.93. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.27). The firm had revenue of $23.13 million during the quarter, compared to analysts' expectations of $21.20 million. Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%. As a group, analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 1,650.0%. Dynex Capital's dividend payout ratio is 261.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jones Trading boosted their target price on Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, UBS Group boosted their price objective on shares of Dynex Capital from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dynex Capital presently has an average rating of "Moderate Buy" and a consensus target price of $12.83.

Dynex Capital Company Profile

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.