Nuveen LLC Makes New Investment in Dynex Capital, Inc. $DX

Key Points

• Nuveen LLC has made a new investment in Dynex Capital, Inc., acquiring 139,918 shares valued at approximately $1,822,000.
• Wall Street analysts have raised their price targets for Dynex Capital, with a consensus rating of "Moderate Buy" and a price target of $12.83.
• Dynex Capital's recent quarterly earnings reported an EPS of $0.22, missing analysts' expectations by $0.27, with a net margin of 17.27%.

Nuveen LLC purchased a new position in Dynex Capital, Inc. (NYSE:DX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 139,918 shares of the real estate investment trust's stock, valued at approximately $1,822,000. Nuveen LLC owned approximately 0.13% of Dynex Capital as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Amalgamated Bank increased 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 worth $38,000 after buying an additional 973 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Dynex Capital by 4.9% in the first quarter. Arizona State Retirement System now owns 22,747 shares of the real estate investment trust's stock worth $296,000 after acquiring an additional 1,065 shares during the period. US Bancorp DE boosted its stake 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 worth $67,000 after acquiring an additional 1,338 shares during the period. Rhumbline Advisers boosted its stake in shares of Dynex Capital by 1.6% in the first quarter. Rhumbline Advisers now owns 109,285 shares of the real estate investment trust's stock worth $1,423,000 after acquiring an additional 1,715 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Dynex Capital by 5.4% in the first quarter. International Assets Investment Management LLC now owns 33,463 shares of the real estate investment trust's stock worth $436,000 after acquiring an additional 1,724 shares during the period. Hedge funds and other institutional investors own 38.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DX. Jones Trading upped their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, UBS Group upped their price objective on Dynex Capital from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.83.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $12.62 on Friday. The stock has a 50 day moving average of $12.51 and a 200 day moving average of $12.66. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The firm has a market cap of $1.64 billion, a PE ratio of 16.18 and a beta of 0.91. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. The firm had revenue of $23.13 million for the quarter, compared to the consensus estimate of $21.20 million. On average, research analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a yield of 1,650.0%. Dynex Capital's dividend payout ratio is presently 261.54%.

Dynex Capital 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.

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