GSA Capital Partners LLP Buys 104,847 Shares of Dynex Capital, Inc. $DX

Key Points

• GSA Capital Partners increased its Dynex Capital position by 74.2% in the second quarter, purchasing 104,847 additional shares and bringing its total holdings to 246,089 shares. Institutional investors collectively own 38.34% of the company.
• Analysts maintain a generally positive outlook, with Dynex Capital holding a consensus “Moderate Buy” rating and an average price target of $14.56, above its recent $13.05 share price.
• Dynex Capital reported quarterly earnings of $0.36 per share, in line with estimates, and announced a $0.17 monthly dividend payable September 1 to shareholders of record August 21; the indicated yield is 15.6%.

GSA Capital Partners LLP increased its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 74.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,089 shares of the real estate investment trust's stock after purchasing an additional 104,847 shares during the quarter. GSA Capital Partners LLP owned approximately 0.10% of Dynex Capital worth $3,226,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Summit Financial LLC raised its position in Dynex Capital by 0.4% during the 4th quarter. Summit Financial LLC now owns 211,048 shares of the real estate investment trust's stock valued at $2,957,000 after purchasing an additional 903 shares in the last quarter. Huntington National Bank grew its position in shares of Dynex Capital by 22.3% during the 4th quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust's stock worth $82,000 after buying an additional 1,066 shares in the last quarter. Brevan Howard Capital Management LP grew its position in shares of Dynex Capital by 2.1% during the 3rd quarter. Brevan Howard Capital Management LP now owns 52,725 shares of the real estate investment trust's stock worth $648,000 after buying an additional 1,074 shares in the last quarter. Integrity Alliance LLC. increased its stake in shares of Dynex Capital by 6.9% during the second quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust's stock valued at $219,000 after buying an additional 1,081 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of Dynex Capital by 2.3% during the third quarter. Lido Advisors LLC now owns 53,321 shares of the real estate investment trust's stock valued at $664,000 after buying an additional 1,179 shares during the period. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on DX. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Dynex Capital in a research note on Tuesday, July 21st. BTIG Research set a $14.50 target price on shares of Dynex Capital in a research report on Wednesday, June 17th. UBS Group reissued a "neutral" rating and set a $14.50 target price (up from $14.00) on shares of Dynex Capital in a research report on Friday, April 24th. Weiss Ratings restated a "hold (c)" rating on shares of Dynex Capital in a report on Wednesday, June 24th. Finally, JonesTrading reaffirmed a "buy" rating and issued a $14.75 price target on shares of Dynex Capital in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Dynex Capital currently has a consensus rating of "Moderate Buy" and an average target price of $14.56.

Dynex Capital Trading Up 0.3%

Shares of NYSE:DX opened at $13.05 on Friday. Dynex Capital, Inc. has a 12-month low of $11.82 and a 12-month high of $14.93. The business's fifty day simple moving average is $12.99 and its 200-day simple moving average is $13.26. The company has a market capitalization of $3.23 billion, a PE ratio of 4.96 and a beta of 0.96. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $302.75 million during the quarter, compared to analyst estimates of $103.62 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st will be issued a $0.17 dividend. The ex-dividend date is Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 15.6%. Dynex Capital's payout ratio is currently 77.57%.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company's primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.

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