Cubist Systematic Strategies LLC Invests $6.81 Million in Dynex Capital, Inc. $DX

Key Points

• Cubist Systematic Strategies LLC made a significant investment in Dynex Capital, purchasing 523,023 shares valued at approximately $6.81 million.
• Dynex Capital reported earnings per share of $0.22 in its latest quarterly results, falling short of analysts' expectations of $0.49.
• The company recently announced a $0.17 dividend paid to shareholders, resulting in an extraordinarily high dividend yield of 1,650.0%.

Cubist Systematic Strategies LLC acquired a new stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 523,023 shares of the real estate investment trust's stock, valued at approximately $6,810,000. Cubist Systematic Strategies LLC owned 0.49% of Dynex Capital as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in Dynex Capital by 50.5% during the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 973 shares during the period. CWM LLC increased its position in Dynex Capital by 271.9% during the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 2,306 shares in the last quarter. US Bancorp DE increased its position in Dynex Capital by 35.2% during the 1st quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,338 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Dynex Capital by 452.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 5,901 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Dynex Capital by 89.7% during the 1st quarter. Russell Investments Group Ltd. now owns 7,721 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 3,650 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company's stock.

Analyst Ratings Changes

DX has been the topic of a number of recent research reports. Jones Trading upped their target price on Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. UBS Group increased their target price on Dynex Capital from $12.50 to $13.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Dynex Capital Stock Performance

DX stock traded up $0.14 during trading on Friday, hitting $12.91. The company had a trading volume of 6,538,854 shares, compared to its average volume of 3,668,858. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $12.57 and a 200-day moving average price of $12.62. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52. The firm has a market cap of $1.68 billion, a PE ratio of 16.54 and a beta of 0.93.

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

Dynex Capital Dividend Announcement

The firm also recently declared a aug 25 dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd were paid a dividend of $0.17 per share. This represents a dividend yield of 1,650.0%. The ex-dividend date of this dividend was Friday, August 22nd. Dynex Capital's dividend payout ratio is currently 261.54%.

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.