Rhumbline Advisers Lowers Stake in Dynex Capital, Inc. (DX)
Rhumbline Advisers lowered its holdings in Dynex Capital, Inc. (NYSE:DX) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,264 shares of the real estate investment trust’s stock after selling 6,402 shares during the period. Rhumbline Advisers owned approximately 0.11% of Dynex Capital worth $399,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Family Management Corp bought a new stake in shares of Dynex Capital in the first quarter valued at approximately $109,000. Bank of America Corp DE raised its position in shares of Dynex Capital by 34.5% in the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 4,002 shares during the period. HighTower Advisors LLC raised its position in shares of Dynex Capital by 3.5% in the first quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 563 shares during the period. Sterneck Capital Management LLC bought a new stake in shares of Dynex Capital in the first quarter valued at approximately $163,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Dynex Capital in the first quarter valued at approximately $191,000. 44.41% of the stock is currently owned by institutional investors.
DX has been the topic of several research reports. BidaskClub lowered shares of Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.25 price target on shares of Dynex Capital in a research report on Friday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.25.
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Shares of Dynex Capital, Inc. (DX) opened at 7.10 on Friday. The company’s 50-day moving average is $7.16 and its 200-day moving average is $7.01. Dynex Capital, Inc. has a 12-month low of $6.49 and a 12-month high of $7.41. The company has a market cap of $349.56 million, a price-to-earnings ratio of 4.61 and a beta of 0.84.
Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the 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 business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $14.26 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts predict that Dynex Capital, Inc. will post $0.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 10.14%. The ex-dividend date is Monday, October 2nd. Dynex Capital’s dividend payout ratio is currently 46.75%.
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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