TrueMark Investments LLC Takes $1.01 Million Position in Dynex Capital, Inc. $DX

TrueMark Investments LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 72,205 shares of the real estate investment trust’s stock, valued at approximately $1,012,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Dynex Capital by 21.3% during the 3rd quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock valued at $92,345,000 after purchasing an additional 1,318,236 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Dynex Capital by 79.8% during the third quarter. Millennium Management LLC now owns 2,235,018 shares of the real estate investment trust’s stock worth $27,468,000 after buying an additional 992,269 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Dynex Capital by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 1,736,645 shares of the real estate investment trust’s stock valued at $21,345,000 after buying an additional 110,705 shares during the last quarter. Algebris UK Ltd. grew its holdings in shares of Dynex Capital by 69.2% during the third quarter. Algebris UK Ltd. now owns 1,669,288 shares of the real estate investment trust’s stock valued at $20,500,000 after buying an additional 682,655 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Dynex Capital by 3.2% in the 3rd quarter. Invesco Ltd. now owns 1,533,805 shares of the real estate investment trust’s stock valued at $18,850,000 after acquiring an additional 47,112 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $12.19 on Monday. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.93. The stock has a market cap of $2.46 billion, a PE ratio of 5.97 and a beta of 0.97. The firm has a fifty day moving average price of $13.75 and a 200 day moving average price of $13.52.

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

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 23rd will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 16.7%. The ex-dividend date of this dividend is Monday, March 23rd. Dynex Capital’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DX shares. JonesTrading lifted their price target on Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Friday. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Dynex Capital Company Profile

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.