Nisa Investment Advisors LLC Increases Holdings in Dynex Capital, Inc. $DX

Nisa Investment Advisors LLC increased its position in Dynex Capital, Inc. (NYSE:DX) by 265.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,953 shares of the real estate investment trust’s stock after acquiring an additional 102,400 shares during the period. Nisa Investment Advisors LLC owned approximately 0.11% of Dynex Capital worth $1,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DX. SG Americas Securities LLC increased its position in shares of Dynex Capital by 557.1% in the third quarter. SG Americas Securities LLC now owns 156,172 shares of the real estate investment trust’s stock valued at $1,919,000 after buying an additional 132,404 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Dynex Capital by 23.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 24,600 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 4,700 shares in the last quarter. PDS Planning Inc raised its position in Dynex Capital by 17.7% during the third quarter. PDS Planning Inc now owns 36,580 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 5,498 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Dynex Capital by 51.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,480 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 14,080 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Dynex Capital in the third quarter valued at about $36,000. 38.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DX has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on Dynex Capital from $14.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Jones Trading restated a “buy” rating and issued 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 price objective on Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Dynex Capital currently has an average rating of “Hold” and a consensus target price of $13.92.

Dynex Capital Trading Down 0.2%

Shares of Dynex Capital stock opened at $14.03 on Wednesday. The firm has a market cap of $2.06 billion, a PE ratio of 9.48 and a beta of 0.98. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The business’s fifty day moving average is $13.78 and its two-hundred day moving average is $13.08.

Dynex Capital (NYSE:DX) last released its 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 net margin of 41.53% and a return on equity of 6.65%. The business had revenue of $421.91 million during the quarter, compared to analyst estimates of $32.06 million. Analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 21st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) annualized dividend and a yield of 14.5%. Dynex Capital’s dividend payout ratio is 137.84%.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.