GSA Capital Partners LLP Purchases 104,847 Shares of Dynex Capital, Inc. $DX

GSA Capital Partners LLP boosted its position in shares of Dynex Capital, Inc. (NYSE:DX) by 74.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,089 shares of the real estate investment trust’s stock after acquiring an additional 104,847 shares during the period. GSA Capital Partners LLP’s holdings in Dynex Capital were worth $3,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Callodine Capital Management LP purchased a new position in Dynex Capital in the first quarter worth $21,320,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Dynex Capital during the 1st quarter valued at $19,581,000. Royal Bank of Canada boosted its position in shares of Dynex Capital by 2,358.9% in the 1st quarter. Royal Bank of Canada now owns 1,531,103 shares of the real estate investment trust’s stock worth $19,537,000 after purchasing an additional 1,468,836 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Dynex Capital by 87.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,136,636 shares of the real estate investment trust’s stock worth $29,934,000 after purchasing an additional 998,736 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Dynex Capital by 79.8% during the 3rd quarter. Millennium Management LLC now owns 2,235,018 shares of the real estate investment trust’s stock worth $27,468,000 after buying an additional 992,269 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DX has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating and issued a $14.50 price target (up from $14.00) on shares of Dynex Capital in a research note on Friday, April 24th. JonesTrading restated a “buy” rating and set a $14.75 price target on shares of Dynex Capital in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. 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 reiterated a “hold (c)” rating on shares of Dynex Capital in a research note on Wednesday, June 24th. Two research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.56.

Dynex Capital Price Performance

Shares of DX opened at $13.05 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty day moving average price is $12.99 and its 200-day moving average price is $13.26. Dynex Capital, Inc. has a 1-year low of $11.82 and a 1-year high of $14.93. 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 issued its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Dynex Capital Dividend Announcement

The company 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 $0.17 dividend. 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 dividend payout ratio is currently 77.57%.

Dynex Capital Company 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.