Inceptionr LLC Makes New $680,000 Investment in Dynex Capital, Inc. $DX

Inceptionr LLC purchased a new stake in Dynex Capital, Inc. (NYSE:DX) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 53,287 shares of the real estate investment trust’s stock, valued at approximately $680,000.

Several other institutional investors also recently modified their holdings of DX. Manning & Napier Advisors LLC acquired a new position in Dynex Capital during the 1st quarter worth about $2,552,000. Morling Financial Advisors LLC acquired a new stake in shares of Dynex Capital in the first quarter valued at about $1,071,000. M&T Bank Corp bought a new position in shares of Dynex Capital during the fourth quarter worth about $741,000. GraniteShares Advisors LLC acquired a new position in shares of Dynex Capital in the fourth quarter worth approximately $2,720,000. Finally, TrueMark Investments LLC acquired a new position in shares of Dynex Capital in the fourth quarter worth approximately $1,012,000. Institutional investors own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

DX has been the topic of several analyst reports. Wall Street Zen cut Dynex Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a research report on Wednesday, June 24th. JonesTrading reaffirmed a “buy” rating and issued a $14.75 price objective on shares of Dynex Capital in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Tuesday. Finally, BTIG Research set a $14.50 target price on shares of Dynex Capital in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.56.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $12.60 on Friday. The business has a 50-day simple moving average of $13.00 and a 200 day simple moving average of $13.40. Dynex Capital, Inc. has a one year low of $11.82 and a one year high of $14.93. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 4.79 and a beta of 0.95.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Dynex Capital had a return on equity of 9.63% and a net margin of 49.18%.The business had revenue of $302.75 million for the quarter, compared to analyst estimates of $103.62 million.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 23rd will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date is Thursday, July 23rd. Dynex Capital’s dividend payout ratio (DPR) 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.