Dynex Capital, Inc. (NYSE:DX) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC raised its position in shares of Dynex Capital, Inc. (NYSE:DX) by 30.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 472,800 shares of the real estate investment trust’s stock after buying an additional 109,778 shares during the period. Renaissance Technologies LLC’s holdings in Dynex Capital were worth $3,352,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KBC Group NV boosted its position 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 in the last quarter. JPMorgan Chase & Co. boosted its position in Dynex Capital by 20.2% in the first quarter. JPMorgan Chase & Co. now owns 181,228 shares of the real estate investment trust’s stock worth $1,285,000 after buying an additional 30,422 shares in the last quarter. Hancock Holding Co. boosted its position in Dynex Capital by 20.0% in the first quarter. Hancock Holding Co. now owns 25,593 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 4,266 shares in the last quarter. Oxford Asset Management acquired a new position in Dynex Capital during the first quarter worth about $573,000. Finally, Karp Capital Management Corp acquired a new position in Dynex Capital during the first quarter worth about $375,000. 44.00% of the stock is owned by institutional investors and hedge funds.
Dynex Capital, Inc. (DX) traded down 0.70% on Friday, hitting $7.06. The company had a trading volume of 140,768 shares. The firm has a 50-day moving average price of $6.98 and a 200-day moving average price of $6.90. The firm has a market capitalization of $347.59 million, a PE ratio of 4.58 and a beta of 0.85. Dynex Capital, Inc. has a 12-month low of $6.49 and a 12-month high of $7.61.
Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Dynex Capital had a return on equity of 11.04% and a net margin of 93.54%. The company had revenue of $16.10 million during the quarter, compared to the consensus estimate of $14.26 million. During the same period last year, the company earned $0.21 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Dynex Capital, Inc. will post $0.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Thursday, July 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.13%. Dynex Capital’s dividend payout ratio (DPR) is 46.75%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price target on shares of Dynex Capital in a report on Wednesday, April 26th. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub cut Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, Dynex Capital currently has an average rating of “Hold” and a consensus price target of $7.13.
In other news, Director Barry Igdaloff sold 7,693 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $6.90, for a total transaction of $53,081.70. Following the completion of the transaction, the director now directly owns 317,185 shares in the company, valued at $2,188,576.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.14% of the stock is 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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