Dynex Capital, Inc. $DX Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 142.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,221,800 shares of the real estate investment trust’s stock after purchasing an additional 1,307,100 shares during the period. Wellington Management Group LLP’s holdings in Dynex Capital were worth $29,128,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Federation des caisses Desjardins du Quebec bought a new stake in Dynex Capital in the fourth quarter valued at about $28,000. Triumph Capital Management acquired a new position in shares of Dynex Capital in the 3rd quarter worth approximately $29,000. IMG Wealth Management Inc. bought a new stake in shares of Dynex Capital in the 4th quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Dynex Capital by 124.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,378 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,318 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Dynex Capital by 891.8% during the second quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,604 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Shares of NYSE DX opened at $12.93 on Friday. 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 firm has a market capitalization of $3.20 billion, a PE ratio of 4.92 and a beta of 0.96. Dynex Capital, Inc. has a 1-year low of $11.82 and a 1-year high of $14.93. The business’s fifty day moving average price is $12.99 and its two-hundred day moving average price is $13.13.

Dynex Capital (NYSE:DX) last announced its quarterly 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. The company had revenue of $302.75 million during the quarter, compared to the consensus estimate of $103.62 million. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 21st were given a $0.17 dividend. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a yield of 15.8%. Dynex Capital’s dividend payout ratio (DPR) is currently 77.57%.

Wall Street Analysts Forecast Growth

DX has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. BTIG Research set a $14.50 price target on shares of Dynex Capital in a report on Wednesday, June 17th. JonesTrading reaffirmed a “buy” rating and set a $14.75 price objective on shares of Dynex Capital in a research report on Tuesday, July 21st. Wall Street Zen cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.56.

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.