47,473 Shares in Dynex Capital, Inc. (NYSE:DX) Bought by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd invested approximately $618,000 in Dynex Capital, acquiring 47,473 shares, indicating a growing interest in the real estate investment trust's stock.
• Wall Street analysts have shown a range of sentiments, with target prices for Dynex Capital being raised, while one analyst downgraded the stock from a "hold" to a "sell" rating.
• The company has announced a monthly dividend of $0.17 per share, representing an annualized dividend yield of 16.01%, reflecting a strong commitment to returning value to shareholders despite a high payout ratio.

Y Intercept Hong Kong Ltd 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 47,473 shares of the real estate investment trust's stock, valued at approximately $618,000.

Several other institutional investors have also recently made changes to their positions in the business. Jennison Associates LLC purchased a new stake in shares of Dynex Capital during the first quarter worth about $1,764,000. Victory Capital Management Inc. grew its position in shares of Dynex Capital by 0.4% during the first quarter. Victory Capital Management Inc. now owns 2,036,371 shares of the real estate investment trust's stock worth $26,514,000 after purchasing an additional 8,262 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Dynex Capital during the first quarter worth about $229,000. CWM LLC grew its position in shares of Dynex Capital by 271.9% during the first quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,306 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Dynex Capital by 4.9% during the first quarter. Arizona State Retirement System now owns 22,747 shares of the real estate investment trust's stock worth $296,000 after purchasing an additional 1,065 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company's stock.

Dynex Capital Trading Down 1.8%

Shares of NYSE:DX traded down $0.23 during trading on Wednesday, hitting $12.54. The company had a trading volume of 2,644,793 shares, compared to its average volume of 3,859,798. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 16.08 and a beta of 0.92. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52. The company has a fifty day simple moving average of $12.35 and a two-hundred day simple moving average of $12.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.24.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.27). Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. The company had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.20 million. As a group, equities analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Wednesday, July 23rd will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 16.27%. The ex-dividend date is Wednesday, July 23rd. Dynex Capital's dividend payout ratio (DPR) is presently 261.54%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DX. Jones Trading raised their price target on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a report on Monday, July 21st. UBS Group raised their price target on Dynex Capital from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.83.

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.