Russell Investments Group Ltd. Acquires 93,401 Shares of Dynex Capital, Inc. $DX

Russell Investments Group Ltd. boosted its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 394.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,100 shares of the real estate investment trust’s stock after buying an additional 93,401 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dynex Capital were worth $1,535,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Dynex Capital by 54.6% during the first quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock worth $1,343,000 after buying an additional 36,455 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Dynex Capital by 86.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock valued at $10,474,000 after acquiring an additional 373,610 shares during the period. Cetera Investment Advisers increased its holdings in shares of Dynex Capital by 51.5% in the 2nd quarter. Cetera Investment Advisers now owns 25,149 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 8,549 shares during the period. JPMorgan Chase & Co. raised its position in shares of Dynex Capital by 241.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 183,247 shares of the real estate investment trust’s stock worth $2,239,000 after acquiring an additional 129,601 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Dynex Capital by 36.0% in the 2nd quarter. New York State Common Retirement Fund now owns 34,774 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 9,200 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dynex Capital Stock Performance

DX opened at $13.05 on Friday. The company has a current ratio of 1.16, a quick 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 50 day moving average of $12.99 and a two-hundred day moving average of $13.26. The firm has a market capitalization of $3.23 billion, a PE ratio of 4.96 and a beta of 0.96.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, meeting 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 net margin of 49.18% and a return on equity of 8.85%.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be given a dividend of $0.17 per share. The ex-dividend date is Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 15.6%. Dynex Capital’s payout ratio is currently 77.57%.

Dynex Capital Profile

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.