Waterfall Asset Management LLC Invests $1.84 Million in Dynex Capital, Inc. $DX

Waterfall Asset Management LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX) in the 3rd quarter, Holdings Channel reports. The fund acquired 150,000 shares of the real estate investment trust’s stock, valued at approximately $1,842,000. Dynex Capital accounts for about 0.2% of Waterfall Asset Management LLC’s portfolio, making the stock its 15th largest holding.

Several other large investors also recently bought and sold shares of DX. AQR Capital Management LLC lifted its stake in shares of Dynex Capital by 54.6% during the first quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock worth $1,343,000 after buying an additional 36,455 shares during the period. Goldman Sachs Group Inc. raised its stake in Dynex Capital by 86.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock worth $10,474,000 after acquiring an additional 373,610 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Dynex Capital by 53.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 38,553 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 13,417 shares during the period. Teacher Retirement System of Texas grew its stake in Dynex Capital by 25.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,467 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 2,916 shares during the last quarter. Finally, IFG Advisory LLC purchased a new stake in Dynex Capital during the 2nd quarter valued at about $255,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Trading Down 0.0%

Shares of NYSE:DX opened at $14.03 on Monday. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.93. The company has a market capitalization of $2.83 billion, a PE ratio of 6.88 and a beta of 0.97. The business has a 50 day moving average of $14.11 and a two-hundred day moving average of $13.45.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Dynex Capital had a return on equity of 6.83% and a net margin of 59.80%.The firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $59.41 million. Equities research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 14.5%. Dynex Capital’s payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DX. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th. Finally, JonesTrading upped their price objective on shares of Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

About Dynex Capital

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.