Capstone Investment Advisors LLC Makes New Investment in Dynex Capital, Inc. $DX

Capstone Investment Advisors LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 43,602 shares of the real estate investment trust’s stock, valued at approximately $572,000.

Several other large investors also recently modified their holdings of DX. Corient Private Wealth LP acquired a new stake in shares of Dynex Capital during the 2nd quarter worth about $288,000. Bank of America Corp DE bought a new position in Dynex Capital in the 2nd quarter valued at about $4,247,000. Freestone Grove Partners LP bought a new position in Dynex Capital in the 2nd quarter valued at about $987,000. Odyssean LLC lifted its position in Dynex Capital by 328.6% during the second quarter. Odyssean LLC now owns 183,328 shares of the real estate investment trust’s stock worth $2,403,000 after acquiring an additional 140,553 shares during the last quarter. Finally, Invst LLC acquired a new stake in Dynex Capital during the second quarter worth approximately $138,000. 38.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DX has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a research report on Tuesday, July 21st. Wall Street Zen downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JonesTrading reaffirmed a “buy” rating and issued a $14.75 price objective on shares of Dynex Capital in a report on Tuesday, July 21st. BTIG Research set a $14.50 price objective on Dynex Capital in a research report on Wednesday, June 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a 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 MarketBeat.com, Dynex Capital presently has an average rating of “Moderate Buy” and a consensus price target of $14.56.

Dynex Capital Trading Up 0.1%

Shares of DX stock opened at $12.91 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.19 billion, a P/E ratio of 4.91 and a beta of 0.96. The stock has a 50 day simple moving average of $13.00 and a 200 day simple moving average of $13.17. Dynex Capital, Inc. has a 1 year low of $11.82 and a 1 year high of $14.93.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $302.75 million for the quarter, compared to analyst estimates of $103.62 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be given a $0.17 dividend. The ex-dividend date is Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. Dynex Capital’s dividend payout ratio (DPR) is presently 77.57%.

About Dynex Capital

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.