AlphaQuest LLC Purchases 57,688 Shares of Dynex Capital, Inc. $DX

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 raised its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 13,867.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.05% of Dynex Capital worth $757,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

DX has been the subject of a number of research reports. UBS Group raised their price target on shares of Dynex Capital from $11.00 to $12.50 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Jones Trading raised their target price on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods boosted their target price on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Two equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.83.

Dynex Capital Stock Up 1.1%

Shares of DX stock traded up $0.14 during trading hours on Friday, reaching $12.63. The company had a trading volume of 3,210,315 shares, compared to its average volume of 3,575,036. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 16.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The business has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $12.67.

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 analysts' consensus estimates of $0.49 by ($0.27). Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. The company had revenue of $23.13 million during the quarter, compared to analysts' expectations of $21.20 million. On average, research analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

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