Vanguard Group Inc. Buys 60,328 Shares of Dynex Capital Inc (NYSE:DX)

Vanguard Group Inc. grew its stake in shares of Dynex Capital Inc (NYSE:DX) by 2.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,120,969 shares of the real estate investment trust’s stock after purchasing an additional 60,328 shares during the quarter. Vanguard Group Inc. owned approximately 4.31% of Dynex Capital worth $15,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DX. Bank of America Corp DE raised its holdings in 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 worth $111,000 after purchasing an additional 4,002 shares in the last quarter. HighTower Advisors LLC raised its holdings in 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 worth $118,000 after purchasing an additional 563 shares in the last quarter. Girard Partners LTD. bought a new position in Dynex Capital in the second quarter worth about $160,000. American International Group Inc. raised its holdings in Dynex Capital by 7.4% in the first quarter. American International Group Inc. now owns 27,712 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 1,910 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Dynex Capital by 10.0% in the first quarter. Alliancebernstein L.P. now owns 28,550 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 2,600 shares in the last quarter. 44.70% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Inc (DX) traded up $0.02 during trading on Monday, reaching $7.18. The company’s stock had a trading volume of 322,906 shares, compared to its average volume of 332,082. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.01. Dynex Capital Inc has a 1-year low of $6.58 and a 1-year high of $7.41. The stock has a market cap of $381.05, a price-to-earnings ratio of 9.81 and a beta of 0.81.

Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The business had revenue of $13.21 million during the quarter, compared to the consensus estimate of $15.36 million. Dynex Capital had a return on equity of 11.08% and a net margin of 86.86%. The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS. sell-side analysts forecast that Dynex Capital Inc will post 0.72 earnings per share for the current fiscal year.

Several research firms have recently issued reports on DX. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $7.50 price objective on shares of Dynex Capital in a report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $7.25 price objective on shares of Dynex Capital in a report on Friday, October 6th. Finally, BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.38.

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Dynex Capital 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.

Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

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