FJ Capital Management LLC Has $1.58 Million Position in Dynex Capital, Inc. $DX

Key Points

• FJ Capital Management LLC increased its stake in Dynex Capital, Inc. by 30.0%, acquiring an additional 27,920 shares, bringing its total ownership to 120,988 shares.
• Analysts have raised their price targets for Dynex Capital, with new objectives ranging from $12.50 to $13.00, indicating a positive outlook on the stock.
• Dynex Capital has announced a dividend of $0.17 per share to be paid on September 2nd, with an impressive yield of 1,650.0%.

FJ Capital Management LLC grew its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,988 shares of the real estate investment trust's stock after purchasing an additional 27,920 shares during the period. FJ Capital Management LLC owned about 0.11% of Dynex Capital worth $1,575,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in Dynex Capital by 122.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 15,100 shares in the last quarter. Amalgamated Bank grew 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 in the last quarter. Ameriprise Financial Inc. grew its position in Dynex Capital by 29.3% in the fourth quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust's stock valued at $11,564,000 after purchasing an additional 207,413 shares in the last quarter. Northern Trust Corp grew its position in Dynex Capital by 15.7% in the fourth quarter. Northern Trust Corp now owns 724,865 shares of the real estate investment trust's stock valued at $9,170,000 after purchasing an additional 98,537 shares in the last quarter. Finally, TrueMark Investments LLC grew its position in Dynex Capital by 60.1% in the first quarter. TrueMark Investments LLC now owns 183,360 shares of the real estate investment trust's stock valued at $2,387,000 after purchasing an additional 68,845 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Performance

Shares of DX stock traded up $0.14 during midday trading on Friday, hitting $12.91. 6,538,854 shares of the company were exchanged, compared to its average volume of 3,668,858. The firm has a market capitalization of $1.68 billion, a P/E ratio of 16.54 and a beta of 0.93. 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 firm's 50 day moving average price is $12.57 and its two-hundred day moving average price is $12.63. 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 announced 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 the consensus estimate 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 research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DX shares. UBS Group lifted their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Jones Trading lifted their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

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.