Mackenzie Financial Corp Buys 27,650 Shares of Dynex Capital Inc (DX)
Mackenzie Financial Corp increased its stake in Dynex Capital Inc (NYSE:DX) by 68.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,947 shares of the real estate investment trust’s stock after acquiring an additional 27,650 shares during the period. Mackenzie Financial Corp owned approximately 0.13% of Dynex Capital worth $494,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Dynex Capital by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,120,969 shares of the real estate investment trust’s stock worth $15,059,000 after acquiring an additional 60,328 shares in the last quarter. LSV Asset Management grew its position in Dynex Capital by 4.4% in the second quarter. LSV Asset Management now owns 1,544,592 shares of the real estate investment trust’s stock worth $10,966,000 after acquiring an additional 64,994 shares in the last quarter. State Street Corp grew its position in Dynex Capital by 3.6% in the second quarter. State Street Corp now owns 1,180,035 shares of the real estate investment trust’s stock worth $8,375,000 after acquiring an additional 41,475 shares in the last quarter. Prudential Financial Inc. grew its position in Dynex Capital by 2.2% in the third quarter. Prudential Financial Inc. now owns 687,286 shares of the real estate investment trust’s stock worth $4,997,000 after acquiring an additional 14,550 shares in the last quarter. Finally, Northern Trust Corp grew its position in Dynex Capital by 6.2% in the second quarter. Northern Trust Corp now owns 619,365 shares of the real estate investment trust’s stock worth $4,398,000 after acquiring an additional 35,886 shares in the last quarter. Institutional investors own 44.70% of the company’s stock.
Several research analysts have issued reports on DX shares. Zacks Investment Research lowered Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $7.25 target price on shares of Dynex Capital in a research report on Friday, October 6th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating and set a $7.50 target price on shares of Dynex Capital in a research report on Tuesday, October 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.38.
Dynex Capital Inc (DX) opened at $7.16 on Tuesday. Dynex Capital Inc has a 12-month low of $6.58 and a 12-month high of $7.41. The stock has a market capitalization of $380.52, a P/E ratio of 9.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.08 and a current ratio of 0.08.
Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Dynex Capital had a return on equity of 11.08% and a net margin of 86.86%. The business had revenue of $13.21 million during the quarter, compared to analyst estimates of $15.36 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. equities research analysts forecast that Dynex Capital Inc will post 0.72 EPS for the current fiscal year.
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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