Jupiter Asset Management Ltd. cut its holdings in Dynex Capital, Inc. (NYSE:DX) by 77.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,095 shares of the real estate investment trust’s stock after selling 95,036 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.08% of Dynex Capital worth $505,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. FMR LLC increased its stake in shares of Dynex Capital by 234.4% in the first quarter. FMR LLC now owns 4,726,214 shares of the real estate investment trust’s stock valued at $28,782,000 after buying an additional 3,313,061 shares in the last quarter. BlackRock Inc. increased its stake in shares of Dynex Capital by 17.8% in the first quarter. BlackRock Inc. now owns 2,541,243 shares of the real estate investment trust’s stock valued at $48,107,000 after buying an additional 383,852 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Dynex Capital in the first quarter valued at $15,125,000. Geode Capital Management LLC increased its position in Dynex Capital by 22.8% in the first quarter. Geode Capital Management LLC now owns 408,689 shares of the real estate investment trust’s stock worth $7,736,000 after purchasing an additional 75,963 shares during the period. Finally, Caas Capital Management LP acquired a new stake in Dynex Capital in the first quarter worth about $5,832,000. Institutional investors own 46.72% of the company’s stock.
Shares of DX stock opened at $17.56 on Wednesday. The stock has a 50-day moving average price of $17.68 and a 200 day moving average price of $18.75. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. The firm has a market cap of $607.44 million, a price-to-earnings ratio of 2.93 and a beta of 1.24. Dynex Capital, Inc. has a 12 month low of $14.52 and a 12 month high of $20.51.
The company also recently disclosed a dividend, which will be paid on Friday, October 1st. Investors of record on Wednesday, September 22nd will be given a $0.13 dividend. The ex-dividend date is Tuesday, September 21st. Dynex Capital’s payout ratio is 80.41%.
Dynex Capital Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities.
See Also: Hold Rating
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