Campbell & CO Investment Adviser LLC Buys 26,526 Shares of Dynex Capital, Inc. $DX

Campbell & CO Investment Adviser LLC lifted its position in Dynex Capital, Inc. (NYSE:DX) by 78.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,238 shares of the real estate investment trust’s stock after purchasing an additional 26,526 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Dynex Capital were worth $736,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Savant Capital LLC purchased a new position in Dynex Capital during the 2nd quarter valued at approximately $123,000. IFG Advisory LLC bought a new position in shares of Dynex Capital during the 2nd quarter valued at approximately $255,000. Teacher Retirement System of Texas grew its holdings in shares of Dynex Capital by 25.2% in the second quarter. Teacher Retirement System of Texas now owns 14,467 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 2,916 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in Dynex Capital by 240.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 161,732 shares of the real estate investment trust’s stock worth $1,976,000 after purchasing an additional 114,259 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Dynex Capital by 53.4% during the second quarter. Nisa Investment Advisors LLC now owns 38,553 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 13,417 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on DX shares. UBS Group set a $13.25 price objective on shares of Dynex Capital and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Jones Trading reiterated a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Dynex Capital has a consensus rating of “Hold” and a consensus price target of $13.42.

Insiders Place Their Bets

In related news, CFO Robert S. Colligan purchased 4,200 shares of Dynex Capital stock in a transaction that occurred on Friday, September 26th. The shares were bought at an average price of $12.12 per share, with a total value of $50,904.00. Following the purchase, the chief financial officer directly owned 120,857 shares of the company’s stock, valued at approximately $1,464,786.84. This represents a 3.60% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Smriti Laxman Popenoe acquired 4,260 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were bought at an average price of $12.16 per share, with a total value of $51,801.60. Following the acquisition, the chief executive officer directly owned 407,338 shares in the company, valued at $4,953,230.08. This represents a 1.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

Dynex Capital Stock Performance

Shares of NYSE:DX opened at $13.60 on Friday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 9.19 and a beta of 0.97. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The firm’s 50-day moving average is $12.95 and its 200 day moving average is $12.60. The company has a current ratio of 1.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.19). The firm had revenue of $421.91 million during the quarter, compared to the consensus estimate of $32.06 million. Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%. Research analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 21st will be given a $0.17 dividend. This represents a c) annualized dividend and a yield of 15.0%. The ex-dividend date of this dividend is Friday, November 21st. Dynex Capital’s dividend payout ratio is 137.84%.

About Dynex Capital

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.