Jupiter Topco LLC Buys Shares of 93,708 Dynex Capital, Inc. $DX

Key Points

• Jupiter Topco LLC acquired 93,708 shares of Dynex Capital during the second quarter, worth approximately $1.23 million. Institutional investors collectively own 38.34% of the mortgage REIT.
• Dynex Capital reported quarterly EPS of $0.36, matching analyst expectations, while revenue reached $302.75 million versus the $103.62 million consensus estimate.
• The company paid a monthly dividend of $0.17 per share, representing an annualized yield of about 15.8%. Analysts’ consensus rating is “Moderate Buy,” with a target price of $14.56 compared with the stock’s $12.93 opening price.

Jupiter Topco LLC purchased a new position in Dynex Capital, Inc. (NYSE:DX - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 93,708 shares of the real estate investment trust's stock, valued at approximately $1,228,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Financial LLC increased its stake in shares of Dynex Capital by 0.4% during the fourth quarter. Summit Financial LLC now owns 211,048 shares of the real estate investment trust's stock valued at $2,957,000 after acquiring an additional 903 shares during the period. Huntington National Bank lifted its position in Dynex Capital by 22.3% in the fourth quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 1,066 shares during the period. Brevan Howard Capital Management LP boosted its stake in 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 valued at $648,000 after purchasing an additional 1,074 shares in the last quarter. Integrity Alliance LLC. boosted its stake in Dynex Capital by 6.9% during the 2nd quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust's stock valued at $219,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in Dynex Capital by 2.3% during the 3rd quarter. Lido Advisors LLC now owns 53,321 shares of the real estate investment trust's stock valued at $664,000 after purchasing an additional 1,179 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Trading Up 0.8%

Dynex Capital stock opened at $12.93 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 4.92 and a beta of 0.96. Dynex Capital, Inc. has a 1 year low of $11.82 and a 1 year high of $14.93. The firm's 50 day moving average price is $12.99 and its two-hundred day moving average price is $13.13.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.The company had revenue of $302.75 million for the quarter, compared to analysts' expectations of $103.62 million.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. Dynex Capital's payout ratio is 77.57%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DX. JonesTrading reissued a "buy" rating and issued a $14.75 price objective on shares of Dynex Capital in a research note on Tuesday, July 21st. 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 Dynex Capital in a report on Wednesday, June 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Dynex Capital in a research report on Wednesday, June 24th. Finally, Wall Street Zen downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Dynex Capital has a consensus rating of "Moderate Buy" and a consensus target price of $14.56.

Dynex Capital 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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