Entropy Technologies LP Makes New Investment in Dynex Capital, Inc. (NYSE:DX)

Key Points

• Entropy Technologies LP acquired a new stake in Dynex Capital, Inc., purchasing 56,447 shares valued at approximately $735,000 during the 1st quarter, marking a 0.05% ownership in the company.
• Several institutional investors significantly increased their holdings in Dynex Capital, including Sterling Capital Management, which grew its stake by 838.9% in the 4th quarter.
• Dynex Capital recently reported a missed EPS estimate of $0.22, while also announcing a dividend of $0.17, which represents a yield of 1,650.0%.

Entropy Technologies LP bought a new stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 56,447 shares of the real estate investment trust's stock, valued at approximately $735,000. Entropy Technologies LP owned approximately 0.05% of Dynex Capital at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position 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 buying an additional 2,223 shares in the last quarter. Amalgamated Bank increased its holdings in shares of 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 period. CWM LLC increased its holdings in shares of 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 period. US Bancorp DE increased its holdings in shares of 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 valued at $67,000 after purchasing an additional 1,338 shares during the period. Finally, Tower Research Capital LLC TRC increased 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 valued at $91,000 after purchasing an additional 5,901 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DX has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. UBS Group increased their price objective on Dynex Capital from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Jones Trading increased their price objective on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Wall Street Zen lowered Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dynex Capital presently has a consensus rating of "Hold" and an average price target of $12.83.

Dynex Capital Stock Performance

Dynex Capital stock remained flat at $12.57 during midday trading on Friday. The company had a trading volume of 2,628,776 shares, compared to its average volume of 3,942,005. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 16.12 and a beta of 0.91. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. The stock's fifty day simple moving average is $12.47 and its two-hundred day simple moving average is $12.71. 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 (NYSE:DX - Get Free Report) last posted its 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). The company had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.20 million. Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%. As a group, equities analysts expect 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 aug 25 dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be given 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 dividend payout ratio is currently 261.54%.

About Dynex Capital

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.