Dynex Capital, Inc. $DX Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 52.0% during the second quarter, Holdings Channel reports. The fund owned 26,907 shares of the real estate investment trust’s stock after acquiring an additional 9,207 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Dynex Capital were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC increased its holdings in Dynex Capital by 130,013.1% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust’s stock worth $242,772,000 after purchasing an additional 19,130,122 shares during the period. Allworth Financial LP grew its position in shares of Dynex Capital by 18,921.9% during the second quarter. Allworth Financial LP now owns 52,881 shares of the real estate investment trust’s stock worth $646,000 after buying an additional 52,603 shares in the last quarter. Millennium Management LLC increased its stake in shares of Dynex Capital by 311.4% during the first quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust’s stock worth $42,664,000 after buying an additional 2,480,330 shares during the period. Northern Trust Corp raised its holdings in Dynex Capital by 4.8% in the first quarter. Northern Trust Corp now owns 759,630 shares of the real estate investment trust’s stock valued at $9,890,000 after acquiring an additional 34,765 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Dynex Capital by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 682,364 shares of the real estate investment trust’s stock valued at $8,884,000 after acquiring an additional 30,232 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a report on Tuesday. Jones Trading reaffirmed a “buy” rating and set a $14.00 price objective on shares of Dynex Capital in a research report on Monday, October 20th. Finally, UBS Group set a $13.25 target price on shares of Dynex Capital and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Dynex Capital currently has an average rating of “Hold” and a consensus price target of $13.42.

Insider Buying and Selling at Dynex Capital

In other Dynex Capital news, CFO Robert S. Colligan purchased 4,200 shares of Dynex Capital stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the transaction, the chief financial officer directly owned 120,857 shares in the company, valued at $1,464,786.84. This trade represents a 3.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Smriti Laxman Popenoe acquired 4,260 shares of the stock in a transaction on Friday, September 26th. The shares were acquired at an average cost of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the transaction, the chief executive officer directly owned 407,338 shares in the company, valued at $4,953,230.08. The trade was a 1.06% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by corporate insiders.

Dynex Capital Stock Up 1.1%

Dynex Capital stock opened at $13.94 on Thursday. The company has a market capitalization of $2.05 billion, a P/E ratio of 9.42 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.19. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The stock has a 50-day simple moving average of $13.11 and a 200-day simple moving average of $12.67.

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

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 21st will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend is Friday, November 21st. Dynex Capital’s payout ratio is presently 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.