63,085 Shares in Dynex Capital, Inc. $DX Acquired by FJ Capital Management LLC

FJ Capital Management LLC acquired a new position in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 63,085 shares of the real estate investment trust’s stock, valued at approximately $884,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in Dynex Capital by 139.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 252,197 shares of the real estate investment trust’s stock worth $3,100,000 after buying an additional 147,042 shares during the period. Vanguard Group Inc. boosted its holdings in Dynex Capital by 21.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock valued at $92,345,000 after purchasing an additional 1,318,236 shares during the period. Waterfall Asset Management LLC bought a new position in Dynex Capital in the 3rd quarter valued at $1,842,000. EMG Holdings L.P. bought a new position in Dynex Capital in the 3rd quarter valued at $8,550,000. Finally, GraniteShares Advisors LLC bought a new position in Dynex Capital in the 4th quarter valued at $2,720,000. 38.34% of the stock is owned by institutional investors.

Dynex Capital Stock Performance

NYSE DX opened at $12.92 on Friday. Dynex Capital, Inc. has a 52-week low of $11.76 and a 52-week high of $14.93. The company has a market capitalization of $2.78 billion, a P/E ratio of 7.64 and a beta of 0.95. The company has a fifty day moving average of $13.16 and a 200-day moving average of $13.56.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Dynex Capital had a return on equity of 7.86% and a net margin of 34.75%.The company had revenue of ($59.11) million for the quarter, compared to the consensus estimate of $67.37 million.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. The ex-dividend date of this dividend is Monday, June 22nd. Dynex Capital’s payout ratio is currently 120.71%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DX. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a report on Friday, March 27th. Wall Street Zen downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, UBS Group reissued a “neutral” rating and issued a $14.50 price target (up from $14.00) on shares of Dynex Capital in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Dynex Capital currently has an average rating of “Moderate Buy” and a consensus price target of $14.75.

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.