Lido Advisors LLC Has $1.42 Million Stock Holdings in Dynex Capital, Inc. $DX

Lido Advisors LLC increased its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 104.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,768 shares of the real estate investment trust’s stock after buying an additional 56,026 shares during the period. Lido Advisors LLC’s holdings in Dynex Capital were worth $1,419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DX. GAMMA Investing LLC raised its stake in shares of Dynex Capital by 98.5% during the fourth quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 928 shares during the last quarter. Federation des caisses Desjardins du Quebec acquired a new position in shares of Dynex Capital during the fourth quarter worth $28,000. IMG Wealth Management Inc. bought a new stake in shares of Dynex Capital in the fourth quarter worth $31,000. Triumph Capital Management bought a new stake in shares of Dynex Capital in the third quarter worth $29,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Dynex Capital by 124.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,378 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,318 shares during the period. 38.34% of the stock is owned by institutional investors.

Dynex Capital Stock Up 0.4%

DX opened at $12.65 on Tuesday. Dynex Capital, Inc. has a twelve month low of $11.82 and a twelve month high of $14.93. The company has a fifty day moving average of $13.00 and a 200-day moving average of $13.39. The stock has a market cap of $2.72 billion, a PE ratio of 4.81 and a beta of 0.95.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $302.75 million for the quarter, compared to analyst estimates of $103.62 million. Dynex Capital had a net margin of 49.18% and a return on equity of 9.63%.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 23rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 16.1%. Dynex Capital’s dividend payout ratio (DPR) is 77.57%.

Analyst Ratings Changes

Several research analysts recently issued reports on DX shares. Wall Street Zen lowered Dynex Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a research note on Tuesday, July 21st. UBS Group restated a “neutral” rating and set a $14.50 price objective (up from $14.00) on shares of Dynex Capital in a research report on Friday, April 24th. Finally, BTIG Research set a $14.50 price objective on Dynex Capital in a research note on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.56.

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.