Jupiter Topco LLC Acquires Shares of 93,708 Dynex Capital, Inc. $DX

Jupiter Topco LLC bought a new position in Dynex Capital, Inc. (NYSE:DX) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 93,708 shares of the real estate investment trust’s stock, valued at approximately $1,228,000.

Several other institutional investors have also made changes to their positions in DX. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Dynex Capital during the fourth quarter valued at approximately $28,000. Triumph Capital Management acquired a new position in Dynex Capital in the 3rd quarter worth approximately $29,000. IMG Wealth Management Inc. purchased a new position in Dynex Capital during the 4th quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 1,318 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Dynex Capital by 891.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,604 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DX has been the subject of a number of research analyst reports. JonesTrading restated a “buy” rating and issued a $14.75 target price on shares of Dynex Capital in a report on Tuesday, July 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research report on Wednesday, June 24th. BTIG Research set a $14.50 price objective on Dynex Capital in a research note on Wednesday, June 17th. Finally, Wall Street Zen lowered Dynex Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.56.

Dynex Capital Trading Up 0.8%

Shares of NYSE:DX opened at $12.93 on Friday. The firm has a fifty day moving average of $12.99 and a two-hundred day moving average of $13.13. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 12-month low of $11.82 and a 12-month high of $14.93. The firm has a market capitalization of $3.20 billion, a P/E ratio of 4.92 and a beta of 0.96.

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

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 15.8%. The ex-dividend date was Friday, August 21st. Dynex Capital’s payout ratio is currently 77.57%.

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.