Dynex Capital, Inc. (DX) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. raised its position in Dynex Capital, Inc. (NYSE:DX) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,060,641 shares of the real estate investment trust’s stock after buying an additional 83,438 shares during the period. Vanguard Group Inc. owned approximately 4.19% of Dynex Capital worth $14,610,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Dynex Capital by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 282,620 shares of the real estate investment trust’s stock worth $2,004,000 after buying an additional 15,051 shares during the period. KBC Group NV raised its stake in Dynex Capital by 16.6% in the first quarter. KBC Group NV now owns 76,890 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 10,970 shares during the period. Prudential Financial Inc. raised its stake in Dynex Capital by 1.6% in the first quarter. Prudential Financial Inc. now owns 579,736 shares of the real estate investment trust’s stock worth $4,110,000 after buying an additional 8,900 shares during the period. Systematic Financial Management LP raised its stake in Dynex Capital by 19.9% in the first quarter. Systematic Financial Management LP now owns 193,379 shares of the real estate investment trust’s stock worth $1,371,000 after buying an additional 32,065 shares during the period. Finally, Oxford Asset Management acquired a new stake in Dynex Capital during the first quarter worth approximately $573,000. Institutional investors and hedge funds own 44.41% of the company’s stock.
Dynex Capital, Inc. (NYSE:DX) remained flat at $7.16 on Monday. The company’s stock had a trading volume of 71,007 shares. The company has a market capitalization of $352.52 million, a price-to-earnings ratio of 4.65 and a beta of 0.85. Dynex Capital, Inc. has a 52-week low of $6.49 and a 52-week high of $7.61. The company’s 50 day moving average is $7.00 and its 200 day moving average is $6.94.
Dynex Capital (NYSE:DX) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The company had revenue of $16.10 million for the quarter, compared to analyst estimates of $14.26 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts predict that Dynex Capital, Inc. will post $0.72 EPS for the current fiscal year.
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DX has been the topic of a number of research analyst reports. BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.00 price objective on shares of Dynex Capital in a report on Tuesday, May 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.13.
In related news, Director Barry Igdaloff sold 7,693 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $6.90, for a total transaction of $53,081.70. Following the transaction, the director now owns 317,185 shares of the company’s stock, valued at approximately $2,188,576.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.14% of the stock is currently owned by company insiders.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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