Handelsbanken Fonder AB Makes New Investment in Dynex Capital, Inc. $DX

Handelsbanken Fonder AB acquired a new position in shares of Dynex Capital, Inc. (NYSE:DX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 68,600 shares of the real estate investment trust’s stock, valued at approximately $899,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Federation des caisses Desjardins du Quebec acquired a new position in shares of Dynex Capital in the 4th quarter worth approximately $28,000. Triumph Capital Management acquired a new stake in Dynex Capital during the 3rd quarter valued at $29,000. IMG Wealth Management Inc. bought a new position in Dynex Capital in the 4th quarter valued at $31,000. Northwestern Mutual Wealth Management Co. raised its position in 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 last quarter. Finally, Versant Capital Management Inc boosted its stake in Dynex Capital by 891.8% in the second quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,604 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on DX shares. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a report on Wednesday, June 24th. UBS Group reaffirmed a “neutral” rating and issued a $14.50 price target (up from $14.00) on shares of Dynex Capital in a report on Friday, April 24th. JonesTrading reiterated a “buy” rating and set a $14.75 price target on shares of Dynex Capital in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, BTIG Research set a $14.50 price objective on shares of Dynex Capital in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dynex Capital presently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

Dynex Capital Stock Up 1.1%

Shares of DX opened at $13.32 on Thursday. The business’s fifty day moving average price is $13.01 and its two-hundred day moving average price is $13.21. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 5.07 and a beta of 0.96. Dynex Capital, Inc. has a 52 week low of $11.82 and a 52 week high of $14.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16.

Dynex Capital (NYSE:DX) last released 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. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.The company had revenue of $302.75 million during the quarter, compared to the consensus estimate of $103.62 million.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend is 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.