Fox Run Management L.L.C. Acquires 78,798 Shares of Dynex Capital, Inc. $DX

Key Points

• Fox Run Management L.L.C. significantly increased its holdings in Dynex Capital, Inc. by 531.1% in Q1, owning 93,635 shares valued at approximately $1.22 million.
• Dynex Capital reported an EPS of $0.22 for the last quarter, missing estimates, despite revenue surpassing expectations at $23.13 million.
• The company announced a dividend of $0.17 per share, with a yield of 1,650.0%, scheduled to be paid on September 2nd.

Fox Run Management L.L.C. grew its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 531.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,635 shares of the real estate investment trust's stock after buying an additional 78,798 shares during the quarter. Fox Run Management L.L.C. owned 0.09% of Dynex Capital worth $1,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DX. Sterling Capital Management LLC boosted its holdings in Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,223 shares during the period. Amalgamated Bank lifted its position in Dynex Capital by 50.5% in the first 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 last quarter. CWM LLC lifted its position in Dynex Capital by 271.9% in the first quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 2,306 shares during the last quarter. US Bancorp DE boosted its stake in shares of Dynex Capital by 35.2% during the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 1,338 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $91,000 after purchasing an additional 5,901 shares during the last quarter. Institutional investors own 38.34% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on DX. Jones Trading upped their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a report on Monday, July 21st. 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. Wall Street Zen downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.83.

Dynex Capital Trading Up 0.2%

Shares of NYSE DX traded up $0.0250 during midday trading on Wednesday, hitting $12.5150. 5,398,007 shares of the company traded hands, compared to its average volume of 3,538,947. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. The firm has a market cap of $1.63 billion, a P/E ratio of 16.04 and a beta of 0.91. The stock has a 50-day moving average price of $12.48 and a 200 day moving average price of $12.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings data 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). The company 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 expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The company also recently announced 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. This represents a dividend yield of 1,650.0%. The ex-dividend date is Friday, August 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.