Inceptionr LLC Makes New $680,000 Investment in Dynex Capital, Inc. $DX

Inceptionr LLC acquired a new stake in shares of Dynex Capital, Inc. (NYSE:DX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 53,287 shares of the real estate investment trust’s stock, valued at approximately $680,000.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Dynex Capital by 98.5% during the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 928 shares in the last quarter. Federation des caisses Desjardins du Quebec acquired a new position in Dynex Capital during the fourth quarter worth $28,000. Triumph Capital Management acquired a new stake in Dynex Capital in the 3rd quarter valued at $29,000. IMG Wealth Management Inc. bought a new stake in Dynex Capital during the 4th quarter worth about $31,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Dynex Capital by 124.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,378 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,318 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of NYSE DX opened at $12.60 on Friday. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 4.79 and a beta of 0.95. The stock’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $13.40. Dynex Capital, Inc. has a one year low of $11.82 and a one year high of $14.93.

Dynex Capital (NYSE:DX) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $103.62 million. Dynex Capital had a return on equity of 9.63% and a net margin of 49.18%.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 23rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) annualized dividend and a yield of 16.2%. Dynex Capital’s payout ratio is presently 77.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DX shares. BTIG Research set a $14.50 price objective on Dynex Capital in a report on Wednesday, June 17th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research note on Tuesday. JonesTrading reaffirmed a “buy” rating and set a $14.75 price target on shares of Dynex Capital in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Finally, UBS Group reissued a “neutral” rating and issued a $14.50 price objective (up from $14.00) on shares of Dynex Capital in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average 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.