Campbell & CO Investment Adviser LLC bought a new position in Dynex Capital Inc (NYSE:DX) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 15,824 shares of the real estate investment trust’s stock, valued at approximately $96,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank boosted its stake in shares of Dynex Capital by 31.8% during the 1st quarter. Swiss National Bank now owns 127,300 shares of the real estate investment trust’s stock valued at $775,000 after purchasing an additional 30,700 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Dynex Capital during the 1st quarter valued at about $49,000. Globeflex Capital L P lifted its position in Dynex Capital by 18.3% during the 1st quarter. Globeflex Capital L P now owns 131,638 shares of the real estate investment trust’s stock valued at $802,000 after acquiring an additional 20,368 shares during the period. Wells Fargo & Company MN lifted its position in Dynex Capital by 106.0% during the 1st quarter. Wells Fargo & Company MN now owns 236,509 shares of the real estate investment trust’s stock valued at $1,440,000 after acquiring an additional 121,682 shares during the period. Finally, BlackRock Inc. lifted its position in Dynex Capital by 15.1% during the 1st quarter. BlackRock Inc. now owns 4,423,711 shares of the real estate investment trust’s stock valued at $26,940,000 after acquiring an additional 580,225 shares during the period. Institutional investors and hedge funds own 54.65% of the company’s stock.
Shares of Dynex Capital stock opened at $5.75 on Thursday. The stock has a market capitalization of $417.80 million, a price-to-earnings ratio of 7.88 and a beta of 0.64. Dynex Capital Inc has a 52-week low of $5.41 and a 52-week high of $6.82.
Shares of Dynex Capital are going to reverse split on the morning of Friday, June 21st. The 1-3 reverse split was announced on Thursday, June 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, June 20th.
Dynex Capital (NYSE:DX) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $13.68 million during the quarter. Dynex Capital had a negative net margin of 71.70% and a positive return on equity of 13.53%. As a group, sell-side analysts predict that Dynex Capital Inc will post 0.68 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $2.16 annualized dividend and a yield of 37.57%. Dynex Capital’s dividend payout ratio (DPR) is presently 98.63%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Dynex Capital from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Nomura assumed coverage on shares of Dynex Capital in a research report on Wednesday, March 27th. They set a “buy” rating and a $7.00 price target for the company. LADENBURG THALM/SH SH cut shares of Dynex Capital from a “buy” rating to a “neutral” rating and set a $6.07 price target for the company. in a research report on Thursday, May 2nd. Finally, ValuEngine cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Dynex Capital presently has a consensus rating of “Hold” and a consensus target price of $6.71.
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Dynex Capital Profile
Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.
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