Dynex Capital, Inc. $DX Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its stake in Dynex Capital by 13,867.3%, owning over 58,000 shares valued at approximately $757,000 by the end of the 1st quarter.
• Several brokerages have raised their price targets for Dynex Capital, with current average target at $12.83 and a "Moderate Buy" rating from analysts.
• The company has declared a $0.17 dividend to be paid on September 2nd, reflecting a high yield of 1,650.0% despite a payout ratio of 261.54%.

AlphaQuest LLC boosted its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 13,867.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,104 shares of the real estate investment trust's stock after acquiring an additional 57,688 shares during the quarter. AlphaQuest LLC owned 0.05% of Dynex Capital worth $757,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in Dynex Capital by 27.1% during the fourth quarter. Wells Fargo & Company MN now owns 68,096 shares of the real estate investment trust's stock worth $861,000 after purchasing an additional 14,516 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Dynex Capital by 15.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 27,121 shares of the real estate investment trust's stock worth $343,000 after buying an additional 3,623 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Dynex Capital by 10.4% during the 4th quarter. Legal & General Group Plc now owns 82,458 shares of the real estate investment trust's stock worth $1,043,000 after buying an additional 7,740 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Dynex Capital during the 4th quarter worth approximately $1,510,000. Finally, Barclays PLC lifted its position in shares of Dynex Capital by 20.8% during the 4th quarter. Barclays PLC now owns 264,439 shares of the real estate investment trust's stock worth $3,344,000 after buying an additional 45,586 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.

Dynex Capital Stock Performance

DX stock traded up $0.13 on Friday, hitting $12.62. The company's stock had a trading volume of 4,441,497 shares, compared to its average volume of 3,577,889. The firm has a 50 day moving average of $12.51 and a two-hundred day moving average of $12.66. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 16.18 and a beta of 0.91. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX - Get Free Report) last released 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 net margin of 17.27% and a return on equity of 4.19%. The business had revenue of $23.13 million during the quarter, compared to analysts' expectations of $21.20 million. Equities analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jones Trading boosted their price objective 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. Keefe, Bruyette & Woods boosted their price objective 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. Finally, UBS Group boosted their price objective on shares of Dynex Capital from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.