BlackRock Inc. Has $241.72 Million Stock Position in Dynex Capital, Inc. $DX

BlackRock Inc. increased its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 14.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 18,437,985 shares of the real estate investment trust’s stock after acquiring an additional 2,355,906 shares during the period. BlackRock Inc. owned 0.07% of Dynex Capital worth $241,722,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DX. Federation des caisses Desjardins du Quebec bought a new position in Dynex Capital during the fourth quarter worth about $28,000. Triumph Capital Management acquired a new stake in Dynex Capital during the third quarter valued at approximately $29,000. IMG Wealth Management Inc. bought a new stake in shares of Dynex Capital in the 4th quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dynex Capital by 124.3% in the 4th 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. Finally, Versant Capital Management Inc raised its holdings in shares of Dynex Capital by 891.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 2,604 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

NYSE DX opened at $12.88 on Thursday. Dynex Capital, Inc. has a 1-year low of $11.82 and a 1-year high of $14.93. The company has a 50 day moving average of $13.01 and a 200-day moving average of $13.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 4.90 and a beta of 0.96.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $302.75 million for the quarter, compared to the consensus estimate of $103.62 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st will be given a $0.17 dividend. The ex-dividend date is Friday, August 21st. This represents a c) annualized dividend and a yield of 15.8%. Dynex Capital’s payout ratio is presently 77.57%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research report on Tuesday, July 21st. BTIG Research set a $14.50 price target on Dynex Capital in a research report on Wednesday, June 17th. Wall Street Zen lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JonesTrading reissued a “buy” rating and set a $14.75 price objective on shares of Dynex Capital in a report on Tuesday, July 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dynex Capital 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.