Vanguard Group Inc. Buys 876,931 Shares of Dynex Capital, Inc. $DX

Vanguard Group Inc. boosted its position in Dynex Capital, Inc. (NYSE:DX) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,390,780 shares of the real estate investment trust’s stock after buying an additional 876,931 shares during the quarter. Vanguard Group Inc. owned approximately 5.72% of Dynex Capital worth $117,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Dynex Capital by 98.5% in the fourth quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 928 shares during the period. Triumph Capital Management acquired a new position in Dynex Capital during the 3rd quarter worth $29,000. Signaturefd LLC boosted its holdings in Dynex Capital by 84.8% in the fourth quarter. Signaturefd LLC now owns 3,290 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,510 shares during the last quarter. Huntington National Bank raised its stake in shares of Dynex Capital by 478,900.0% during the third quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 4,789 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Dynex Capital in the third quarter valued at approximately $70,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on DX shares. JonesTrading lifted their price objective on shares of Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. UBS Group restated a “neutral” rating and issued a $14.50 price objective (up from $14.00) on shares of Dynex Capital in a research report on Friday, April 24th. Wall Street Zen downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a report on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dynex Capital has an average rating of “Moderate Buy” and a consensus price target of $14.75.

Dynex Capital Stock Down 0.5%

Dynex Capital stock opened at $13.31 on Wednesday. Dynex Capital, Inc. has a twelve month low of $11.70 and a twelve month high of $14.93. The company has a 50 day moving average of $13.22 and a 200-day moving average of $13.65. The stock has a market capitalization of $2.86 billion, a PE ratio of 7.87 and a beta of 0.97.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of ($59.11) million for the quarter, compared to analyst estimates of $67.37 million. Dynex Capital had a return on equity of 7.86% and a net margin of 34.75%.

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 21st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 15.3%. Dynex Capital’s payout ratio is 120.71%.

Dynex Capital Company 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.