GSA Capital Partners LLP Invests $1.39 Million in Dynex Capital, Inc. $DX

GSA Capital Partners LLP bought a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 99,369 shares of the real estate investment trust’s stock, valued at approximately $1,392,000.

A number of other large investors also recently made changes to their positions in DX. Vanguard Group Inc. increased its stake in shares of Dynex Capital by 21.3% during the third quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock worth $92,345,000 after purchasing an additional 1,318,236 shares during the period. Millennium Management LLC grew its position in 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 in the last quarter. Balyasny Asset Management L.P. grew its position in Dynex Capital by 184.2% during the third quarter. Balyasny Asset Management L.P. now owns 1,137,900 shares of the real estate investment trust’s stock worth $13,985,000 after buying an additional 737,561 shares in the last quarter. EMG Holdings L.P. acquired a new stake in Dynex Capital during the third quarter worth approximately $8,550,000. Finally, Algebris UK Ltd. grew its position in 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 worth $20,500,000 after buying an additional 682,655 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DX shares. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. UBS Group reissued a “neutral” rating and set a $14.50 price target (up from $14.00) on shares of Dynex Capital in a research report on Friday, April 24th. JonesTrading increased 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. Wall Street Zen downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Dynex Capital presently has an average rating of “Moderate Buy” and a consensus target price of $14.75.

Dynex Capital Price Performance

Shares of NYSE:DX opened at $12.87 on Thursday. The business’s 50 day simple moving average is $13.14 and its 200 day simple moving average is $13.63. The company has a market capitalization of $2.77 billion, a P/E ratio of 7.62 and a beta of 0.97. Dynex Capital, Inc. has a 1 year low of $11.70 and a 1 year high of $14.93.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of ($59.11) million during the quarter, compared to analyst estimates of $67.37 million. Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 21st will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. The ex-dividend date of this dividend is Thursday, May 21st. Dynex Capital’s dividend payout ratio (DPR) is currently 120.71%.

Dynex Capital 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.