Kingstone Capital Partners Texas LLC Purchases 19,130,122 Shares of Dynex Capital, Inc. $DX

Key Points

• Kingstone Capital Partners Texas LLC significantly increased its holdings in Dynex Capital by 130,013.1%, now owning approximately 17.86% of the company, valued at $242.77 million.
• Analysts have raised their target price for Dynex Capital to $13.00, with the stock currently receiving a rating of "Moderate Buy" from research firms.
• Dynex Capital recently declared a quarterly dividend of $0.17 per share, representing a yield of 5.5% and a high payout ratio of 261.54%.

Kingstone Capital Partners Texas LLC raised its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 130,013.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,144,836 shares of the real estate investment trust's stock after buying an additional 19,130,122 shares during the period. Kingstone Capital Partners Texas LLC owned about 17.86% of Dynex Capital worth $242,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DX. Deutsche Bank AG lifted its position in shares of Dynex Capital by 61.0% in the 4th quarter. Deutsche Bank AG now owns 58,405 shares of the real estate investment trust's stock worth $739,000 after purchasing an additional 22,136 shares during the period. ProShare Advisors LLC lifted its position in shares of Dynex Capital by 58.2% in the 4th quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 8,181 shares during the period. State of Wyoming lifted its position in shares of Dynex Capital by 66.4% in the 4th quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 8,617 shares during the period. Squarepoint Ops LLC lifted its position in shares of Dynex Capital by 91.0% in the 4th quarter. Squarepoint Ops LLC now owns 19,263 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 9,178 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Dynex Capital by 3,682.2% in the 1st quarter. GAMMA Investing LLC now owns 15,507 shares of the real estate investment trust's stock worth $202,000 after purchasing an additional 15,097 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group raised their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Jones Trading raised their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

Dynex Capital Stock Up 1.2%

Shares of Dynex Capital stock traded up $0.15 during trading on Tuesday, hitting $12.00. The company's stock had a trading volume of 2,761,745 shares, compared to its average volume of 3,779,859. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. The company has a fifty day simple moving average of $12.54 and a two-hundred day simple moving average of $12.50. The company has a market capitalization of $1.56 billion, a PE ratio of 15.38 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 issued its quarterly 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 business had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.20 million. Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%. Equities research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 22nd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Monday, September 22nd. Dynex Capital's dividend payout ratio (DPR) is presently 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.