California Public Employees Retirement System boosted its position in shares of Dynex Capital Inc. (NYSE:DX) by 13.9% during the second quarter, Holdings Channel reports. The fund owned 257,700 shares of the company’s stock after buying an additional 31,400 shares during the period. California Public Employees Retirement System owned approximately 0.52% of Dynex Capital worth $1,788,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Dynex Capital by 19.3% in the first quarter. Goldman Sachs Group Inc. now owns 406,883 shares of the company’s stock valued at $2,705,000 after buying an additional 65,889 shares in the last quarter. James Investment Research Inc. bought a new position in Dynex Capital during the second quarter valued at about $678,000. Menta Capital LLC bought a new position in Dynex Capital during the first quarter valued at about $622,000. Royal Bank of Canada raised its position in Dynex Capital by 12.3% in the first quarter. Royal Bank of Canada now owns 59,521 shares of the company’s stock valued at $396,000 after buying an additional 6,516 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in Dynex Capital during the second quarter valued at about $222,000. Hedge funds and other institutional investors own 43.87% of the company’s stock.
Shares of Dynex Capital Inc. (NYSE:DX) traded up 0.44% during mid-day trading on Friday, reaching $6.79. The company had a trading volume of 167,944 shares. Dynex Capital Inc. has a one year low of $5.22 and a one year high of $7.61. The firm’s market capitalization is $333.70 million. The stock has a 50 day moving average of $7.32 and a 200-day moving average of $6.94.
Dynex Capital (NYSE:DX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $16.72 million for the quarter, compared to the consensus estimate of $16.56 million. Dynex Capital had a positive return on equity of 13.04% and a negative net margin of 45.32%. Dynex Capital’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Equities analysts predict that Dynex Capital Inc. will post $1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.37%. Dynex Capital’s dividend payout ratio (DPR) is presently -80.00%.
Several research analysts have recently issued reports on DX shares. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Credit Suisse Group AG restated a “hold” rating and issued a $7.25 price target on shares of Dynex Capital in a research report on Friday, September 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.20.
In related news, Director Thomas B. Akin sold 62,214 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $6.68, for a total value of $415,589.52. Following the sale, the director now owns 1,308,472 shares in the company, valued at approximately $8,740,592.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas B. Akin sold 101,298 shares of the company’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $6.68, for a total transaction of $676,670.64. Following the completion of the sale, the director now owns 1,308,472 shares in the company, valued at approximately $8,740,592.96. The disclosure for this sale can be found here. Insiders own 9.70% of the company’s stock.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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