Handelsbanken Fonder AB Invests $899,000 in Dynex Capital, Inc. $DX

Handelsbanken Fonder AB bought a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 68,600 shares of the real estate investment trust’s stock, valued at approximately $899,000.

Several other large investors have also recently bought and sold shares of the stock. First Trust Advisors LP increased its holdings in shares of Dynex Capital by 143.8% during the 1st quarter. First Trust Advisors LP now owns 531,415 shares of the real estate investment trust’s stock worth $6,781,000 after purchasing an additional 313,427 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Dynex Capital in the first quarter valued at about $2,552,000. Morling Financial Advisors LLC bought a new stake in shares of Dynex Capital in the first quarter valued at about $1,071,000. EMG Holdings L.P. acquired a new stake in Dynex Capital during the first quarter worth about $4,402,000. Finally, Royal Bank of Canada grew its position in Dynex Capital by 2,358.9% during the first quarter. Royal Bank of Canada now owns 1,531,103 shares of the real estate investment trust’s stock worth $19,537,000 after buying an additional 1,468,836 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. BTIG Research set a $14.50 price target on Dynex Capital in a report on Wednesday, June 17th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research report on Wednesday, June 24th. UBS Group restated a “neutral” rating and issued a $14.50 target price (up from $14.00) on shares of Dynex Capital in a research note on Friday, April 24th. Finally, Wall Street Zen cut Dynex Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynex Capital currently has an average rating of “Moderate Buy” and a consensus target price of $14.56.

Dynex Capital Trading Up 1.1%

DX stock opened at $13.32 on Thursday. Dynex Capital, Inc. has a 1-year low of $11.82 and a 1-year high of $14.93. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $13.01 and its 200-day moving average is $13.21. The firm has a market cap of $3.30 billion, a P/E ratio of 5.07 and a beta of 0.96.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.The business had revenue of $302.75 million during the quarter, compared to the consensus estimate of $103.62 million.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 15.3%. The ex-dividend date is Friday, August 21st. Dynex Capital’s payout ratio is currently 77.57%.

Dynex Capital 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.