Simplify Asset Management Inc. Makes New $1.46 Million Investment in Dynex Capital, Inc. $DX

Simplify Asset Management Inc. purchased a new position in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 107,000 shares of the real estate investment trust’s stock, valued at approximately $1,463,000.

Several other hedge funds have also recently modified their holdings of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Dynex Capital in the 4th quarter worth approximately $1,295,000. Jefferies Financial Group Inc. lifted its position in shares of Dynex Capital by 130.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 62,951 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Dynex Capital by 206.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,118 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 4,792 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Dynex Capital by 92.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,433 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,645 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Dynex Capital in the 4th quarter worth approximately $1,392,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DX shares. JonesTrading upped their price target on shares of 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 report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a report on Friday, March 27th. Wall Street Zen downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, UBS Group reiterated a “neutral” rating and issued a $14.50 target price (up from $14.00) on shares of Dynex Capital in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

Dynex Capital Stock Up 0.1%

NYSE:DX opened at $12.74 on Monday. The firm has a 50 day moving average of $13.11 and a 200 day moving average of $13.63. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 7.54 and a beta of 0.97. Dynex Capital, Inc. has a 52 week low of $11.70 and a 52 week high of $14.93.

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

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 21st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 16.0%. Dynex Capital’s dividend payout ratio (DPR) is currently 120.71%.

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.