Navellier & Associates Inc. lessened its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 56.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,356 shares of the real estate investment trust's stock after selling 88,941 shares during the quarter. Navellier & Associates Inc.'s holdings in Dynex Capital were worth $883,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Summit Financial LLC lifted its stake in Dynex Capital by 0.4% in the 4th quarter. Summit Financial LLC now owns 211,048 shares of the real estate investment trust's stock worth $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 fourth quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust's stock valued at $82,000 after purchasing 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 third 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. increased its holdings in shares of Dynex Capital by 6.9% in the second quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust's stock worth $219,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in shares of Dynex Capital by 2.3% in the third quarter. Lido Advisors LLC now owns 53,321 shares of the real estate investment trust's stock worth $664,000 after buying an additional 1,179 shares in the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.
Dynex Capital Trading Up 0.1%
DX opened at $12.91 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 4.91 and a beta of 0.96. Dynex Capital, Inc. has a 12 month low of $11.82 and a 12 month high of $14.93. The stock has a fifty day moving average price of $13.00 and a 200-day moving average price of $13.17.
Dynex Capital (NYSE:DX - Get Free Report) last posted its 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 analyst estimates of $103.62 million.
Dynex Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 15.8%. The ex-dividend date is Friday, August 21st. Dynex Capital's dividend payout ratio is currently 77.57%.
Analyst Ratings Changes
A number of analysts have issued reports on the company. JonesTrading reaffirmed a "buy" rating and issued a $14.75 price objective on shares of Dynex Capital in a research note on Tuesday, July 21st. Wall Street Zen cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. BTIG Research set a $14.50 price target on shares of Dynex Capital in a report on Wednesday, June 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Dynex Capital in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.56.
Get Our Latest Analysis on DX
About Dynex Capital
(
Free Report)
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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