70,482 Shares in Dynex Capital, Inc. $DX Acquired by Jennison Associates LLC

Jennison Associates LLC bought a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the fourth quarter, Holdings Channel reports. The fund bought 70,482 shares of the real estate investment trust’s stock, valued at approximately $987,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Dynex Capital by 98.5% in the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 928 shares during the period. Triumph Capital Management acquired a new position in shares of Dynex Capital during the third quarter worth $29,000. Signaturefd LLC grew its stake in shares of Dynex Capital by 84.8% in the fourth quarter. Signaturefd LLC now owns 3,290 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,510 shares during the last quarter. Huntington National Bank grew its stake in shares of Dynex Capital by 478,900.0% in the third quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 4,789 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Dynex Capital in the third quarter valued at $70,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on DX shares. JonesTrading raised their target price on Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. Wall Street Zen raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research report on Friday, March 27th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $14.50 price objective (up from $14.00) on shares of Dynex Capital in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.75.

Dynex Capital Stock Up 0.1%

Shares of NYSE DX opened at $13.58 on Monday. Dynex Capital, Inc. has a twelve month low of $11.70 and a twelve month high of $14.93. The firm has a fifty day simple moving average of $13.30 and a 200 day simple moving average of $13.65. The company has a market capitalization of $2.92 billion, a PE ratio of 8.04 and a beta of 0.97.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%. The firm had revenue of ($59.11) million during the quarter, compared to analyst estimates of $67.37 million.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 23rd were paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend was Thursday, April 23rd. Dynex Capital’s payout ratio is currently 120.71%.

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.