Susquehanna Fundamental Investments LLC Has $4.57 Million Stock Holdings in Dynex Capital, Inc. $DX

Key Points

• Susquehanna Fundamental Investments cut its Dynex Capital stake by 50.2% in the second quarter, selling 351,464 shares and retaining 348,385 shares valued at approximately $4.57 million.
• Despite Susquehanna’s reduction, several major institutions—including BlackRock, Vanguard, Geode, and State Street—boosted their holdings; institutional investors collectively own 38.34% of Dynex Capital.
• Dynex Capital reported quarterly EPS of $0.36, matching estimates, and maintains a monthly dividend of $0.17 per share, representing an indicated yield of about 15.8%. Analysts have a consensus “Moderate Buy” rating with a $14.56 price target.

Susquehanna Fundamental Investments LLC decreased its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 50.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 348,385 shares of the real estate investment trust's stock after selling 351,464 shares during the period. Susquehanna Fundamental Investments LLC owned 0.14% of Dynex Capital worth $4,567,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Dynex Capital by 14.6% during the second quarter. BlackRock Inc. now owns 18,437,985 shares of the real estate investment trust's stock worth $241,722,000 after acquiring an additional 2,355,906 shares during the period. Vanguard Group Inc. grew its position in shares of Dynex Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 8,390,780 shares of the real estate investment trust's stock valued at $117,555,000 after purchasing an additional 876,931 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dynex Capital by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 3,489,121 shares of the real estate investment trust's stock worth $48,892,000 after purchasing an additional 257,719 shares during the period. State Street Corp increased its stake in shares of Dynex Capital by 11.5% during the fourth quarter. State Street Corp now owns 3,032,436 shares of the real estate investment trust's stock worth $42,484,000 after purchasing an additional 313,319 shares during the period. Finally, Millennium Management LLC lifted its holdings in Dynex Capital by 79.8% during the 3rd quarter. Millennium Management LLC now owns 2,235,018 shares of the real estate investment trust's stock worth $27,468,000 after purchasing an additional 992,269 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BTIG Research set a $14.50 price target on Dynex Capital in a research note on Wednesday, June 17th. JonesTrading reissued a "buy" rating and set a $14.75 target price on shares of Dynex Capital in a report on Tuesday, July 21st. Wall Street Zen cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods restated an "outperform" rating on shares of Dynex Capital in a research note on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dynex Capital in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Dynex Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.56.

Dynex Capital Price Performance

Dynex Capital stock opened at $12.91 on Tuesday. The firm has a market cap of $3.19 billion, a PE ratio of 4.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. The stock's fifty day moving average price is $13.00 and its two-hundred day moving average price is $13.16. Dynex Capital, Inc. has a one year low of $11.82 and a one year high of $14.93.

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

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 15.8%. The ex-dividend date is Friday, August 21st. Dynex Capital's dividend payout ratio is presently 77.57%.

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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