TrueMark Investments LLC Invests $1.01 Million in Dynex Capital, Inc. $DX

TrueMark Investments LLC bought a new stake in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, HoldingsChannel.com reports. The firm bought 72,205 shares of the real estate investment trust’s stock, valued at approximately $1,012,000.

A number of other hedge funds have also recently added to or reduced their stakes in DX. Vanguard Group Inc. grew its position in Dynex Capital by 21.3% during the third quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock valued at $92,345,000 after buying an additional 1,318,236 shares during the period. Millennium Management LLC increased its holdings in Dynex Capital by 79.8% in the third quarter. Millennium Management LLC now owns 2,235,018 shares of the real estate investment trust’s stock valued at $27,468,000 after buying an additional 992,269 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Dynex Capital by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 1,736,645 shares of the real estate investment trust’s stock worth $21,345,000 after acquiring an additional 110,705 shares during the period. Algebris UK Ltd. boosted its stake in shares of Dynex Capital by 69.2% during the 3rd quarter. Algebris UK Ltd. now owns 1,669,288 shares of the real estate investment trust’s stock worth $20,500,000 after acquiring an additional 682,655 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Dynex Capital by 3.2% during the 3rd quarter. Invesco Ltd. now owns 1,533,805 shares of the real estate investment trust’s stock worth $18,850,000 after acquiring an additional 47,112 shares in the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DX. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research note on Friday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. Finally, JonesTrading raised their price objective on Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a report on Tuesday, January 27th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Dynex Capital Stock Performance

NYSE:DX opened at $12.19 on Monday. The stock has a market capitalization of $2.46 billion, a PE ratio of 5.97 and a beta of 0.97. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.93. The company has a fifty day moving average of $13.75 and a two-hundred day moving average of $13.52.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Dynex Capital had a return on equity of 6.83% and a net margin of 59.80%.The company had revenue of $202.00 million for the quarter, compared to analysts’ expectations of $59.41 million. Research analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 16.7%. The ex-dividend date is Monday, March 23rd. Dynex Capital’s payout ratio is 100.00%.

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.