Simplify Asset Management Inc. Invests $1.46 Million in Dynex Capital, Inc. $DX

Simplify Asset Management Inc. bought a new position in Dynex Capital, Inc. (NYSE:DX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 107,000 shares of the real estate investment trust’s stock, valued at approximately $1,463,000. Simplify Asset Management Inc. owned about 0.06% of Dynex Capital as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Dynex Capital by 98.5% in the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 928 shares during the last quarter. Triumph Capital Management bought a new position in Dynex Capital during the 3rd quarter valued at about $29,000. IMG Wealth Management Inc. bought a new position in Dynex Capital during the 4th quarter valued at about $31,000. Signaturefd LLC grew its holdings in Dynex Capital by 84.8% during the 4th quarter. Signaturefd LLC now owns 3,290 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,510 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Dynex Capital by 92.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,433 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,645 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Price Performance

Shares of DX stock opened at $12.74 on Monday. The company has a market capitalization of $2.74 billion, a P/E ratio of 7.54 and a beta of 0.97. The company’s 50-day simple moving average is $13.11 and its two-hundred day simple moving average is $13.63. Dynex Capital, Inc. has a one year low of $11.70 and a one 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 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of ($59.11) million during the quarter, compared to the consensus estimate of $67.37 million. Dynex Capital had a return on equity of 7.86% and a net margin of 34.75%.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 21st will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 16.0%. The ex-dividend date is Thursday, May 21st. Dynex Capital’s dividend payout ratio is currently 120.71%.

Analyst Ratings Changes

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

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.