Dynex Capital, Inc. $DX Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its stake in Dynex Capital, Inc. (NYSE:DX) by 1,162.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 119,895 shares of the real estate investment trust’s stock after purchasing an additional 110,401 shares during the period. AlphaQuest LLC’s holdings in Dynex Capital were worth $1,474,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Dynex Capital by 54.6% during the first quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock worth $1,343,000 after buying an additional 36,455 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Dynex Capital by 86.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock valued at $10,474,000 after acquiring an additional 373,610 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Dynex Capital in the second quarter valued at about $300,000. KLP Kapitalforvaltning AS grew its holdings in shares of Dynex Capital by 45.3% in the second quarter. KLP Kapitalforvaltning AS now owns 19,900 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 6,200 shares during the period. Finally, PDS Planning Inc increased its position in Dynex Capital by 22.1% during the second quarter. PDS Planning Inc now owns 31,082 shares of the real estate investment trust’s stock worth $380,000 after purchasing an additional 5,635 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

NYSE:DX opened at $13.89 on Friday. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50 day moving average price of $14.03 and a 200 day moving average price of $13.24. The stock has a market capitalization of $2.43 billion, a P/E ratio of 6.81 and a beta of 0.98.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Dynex Capital had a net margin of 59.80% and a return on equity of 7.72%. The firm had revenue of $202.00 million during the quarter, compared to analysts’ expectations of $59.41 million. Equities research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, January 21st will be given a $0.17 dividend. This represents a c) annualized dividend and a yield of 14.7%. The ex-dividend date of this dividend is Wednesday, January 21st. Dynex Capital’s payout ratio is currently 100.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Jones Trading boosted their target price on shares of Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a report on Tuesday, January 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th. Finally, UBS Group set a $13.25 target price on Dynex Capital and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.33.

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.