First Trust Advisors LP lessened its holdings in shares of Dynex Capital Inc (NYSE:DX) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,931 shares of the real estate investment trust’s stock after selling 8,127 shares during the period. First Trust Advisors LP owned 0.23% of Dynex Capital worth $827,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Dynex Capital by 17.4% during the 3rd quarter. California Public Employees Retirement System now owns 29,837 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 4,424 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Dynex Capital during the 3rd quarter worth about $170,000. State of New Jersey Common Pension Fund D purchased a new position in Dynex Capital during the 3rd quarter worth approximately $3,435,000. Virginia Retirement Systems ET AL grew its stake in Dynex Capital by 12.0% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 25,133 shares of the real estate investment trust’s stock worth $371,000 after buying an additional 2,700 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in Dynex Capital during the 2nd quarter worth approximately $2,191,000. 56.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of DX stock opened at $16.91 on Tuesday. The business’s 50 day moving average is $16.05 and its two-hundred day moving average is $13.89. Dynex Capital Inc has a twelve month low of $13.84 and a twelve month high of $18.94. The company has a market capitalization of $387.56 million, a P/E ratio of 7.72 and a beta of 0.64.
The firm also recently declared a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 22nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.64%. Dynex Capital’s dividend payout ratio (DPR) is presently 82.19%.
DX has been the topic of a number of research reports. Keefe, Bruyette & Woods upgraded Dynex Capital from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $15.00 to $17.50 in a research note on Monday, November 25th. ValuEngine downgraded Dynex Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research upgraded Dynex Capital from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.68.
Dynex Capital Company 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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