WINTON GROUP Ltd Makes New Investment in Dynex Capital, Inc. $DX

WINTON GROUP Ltd purchased a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,500 shares of the real estate investment trust’s stock, valued at approximately $793,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DX. Versant Capital Management Inc grew 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 valued at $38,000 after buying an additional 2,604 shares during the period. KBC Group NV acquired a new stake in Dynex Capital during the 2nd quarter worth $42,000. Integrated Wealth Concepts LLC bought a new position in Dynex Capital during the second quarter worth about $42,000. IMG Wealth Management Inc. lifted its holdings in Dynex Capital by 55.9% during the first quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Huntington National Bank grew its stake in Dynex Capital by 22.3% in the fourth quarter. Huntington National Bank now owns 5,856 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 1,066 shares during the period. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Trading Down 0.9%

Shares of NYSE:DX opened at $12.41 on Tuesday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 4.72 and a beta of 0.96. Dynex Capital, Inc. has a 12 month low of $11.82 and a 12 month high of $14.93. The company’s fifty day simple moving average is $12.94 and its 200 day simple moving average is $13.07. 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 (NYSE:DX) last announced its 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. The firm had revenue of $302.75 million during the quarter, compared to analyst estimates of $103.62 million. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 21st will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Monday, September 21st. Dynex Capital’s payout ratio is 77.57%.

Analyst Ratings Changes

DX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. JonesTrading reiterated a “buy” rating and set a $14.75 price objective on shares of Dynex Capital in a report on Tuesday, July 21st. BTIG Research set a $14.50 price objective on Dynex Capital in a research report on Wednesday, June 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

About Dynex Capital

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that invests primarily in residential and commercial mortgage-backed securities. Its portfolio generally focuses on agency securities, which are issued or guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae.

The company finances its investments through repurchase agreements and other forms of secured borrowing and uses hedging strategies to manage interest-rate and financing risks.