IFP Advisors Inc Trims Position in Dynex Capital, Inc. (DX)
IFP Advisors Inc trimmed its position in shares of Dynex Capital, Inc. (NYSE:DX) by 62.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,125 shares of the real estate investment trust’s stock after selling 26,871 shares during the quarter. IFP Advisors Inc’s holdings in Dynex Capital were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Dynex Capital by 34.5% during the 1st quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 4,002 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Dynex Capital by 3.5% during the 1st quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 563 shares during the last quarter. Advisor Group Inc. boosted its holdings in Dynex Capital by 16.5% during the 2nd quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 2,500 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Dynex Capital by 10.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,970 shares during the last quarter. Finally, Girard Partners LTD. purchased a new position in Dynex Capital during the 2nd quarter worth $160,000. 44.89% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.25 target price on shares of Dynex Capital in a research note on Friday, October 6th. BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $7.50 target price on shares of Dynex Capital in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dynex Capital has a consensus rating of “Hold” and a consensus target price of $7.38.
Shares of Dynex Capital, Inc. (NYSE DX) opened at $6.98 on Thursday. The company has a market capitalization of $369.87, a price-to-earnings ratio of 9.52 and a beta of 0.81. Dynex Capital, Inc. has a 52 week low of $6.58 and a 52 week high of $7.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 0.08.
Dynex Capital (NYSE:DX) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $13.21 million for the quarter, compared to analysts’ expectations of $15.36 million. Dynex Capital had a return on equity of 11.08% and a net margin of 86.86%. The business’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. research analysts predict that Dynex Capital, Inc. will post 0.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 3rd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend was Monday, October 2nd. Dynex Capital’s payout ratio is 50.00%.
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Dynex Capital 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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