Dynex Capital, Inc. (NYSE:DX) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in Dynex Capital, Inc. (NYSE:DXGet Rating) by 13.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,633 shares of the real estate investment trust’s stock after purchasing an additional 10,500 shares during the quarter. Swiss National Bank owned about 0.23% of Dynex Capital worth $1,403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Dynex Capital by 1,083.1% during the 4th quarter. Invesco Ltd. now owns 942,775 shares of the real estate investment trust’s stock valued at $15,753,000 after purchasing an additional 863,091 shares in the last quarter. Leeward Investments LLC MA purchased a new position in Dynex Capital in the 1st quarter worth $7,191,000. Northern Trust Corp lifted its position in Dynex Capital by 10.2% during the 4th quarter. Northern Trust Corp now owns 388,387 shares of the real estate investment trust’s stock worth $6,489,000 after acquiring an additional 35,871 shares during the period. Citigroup Inc. grew its stake in Dynex Capital by 11.4% during the 4th quarter. Citigroup Inc. now owns 122,096 shares of the real estate investment trust’s stock valued at $2,040,000 after purchasing an additional 12,532 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Dynex Capital by 146.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 87,047 shares of the real estate investment trust’s stock valued at $1,455,000 after purchasing an additional 51,748 shares during the period. 38.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DX. Keefe, Bruyette & Woods upgraded Dynex Capital from a “market perform” rating to an “outperform” rating and upped their target price for the company from $17.00 to $18.75 in a research report on Wednesday, June 8th. Credit Suisse Group increased their price objective on shares of Dynex Capital to $17.00 in a research note on Friday, July 22nd.

Insider Activity at Dynex Capital

In other Dynex Capital news, CEO Byron L. Boston bought 6,562 shares of Dynex Capital stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $15.25 per share, with a total value of $100,070.50. Following the purchase, the chief executive officer now directly owns 388,134 shares in the company, valued at approximately $5,919,043.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Byron L. Boston bought 6,562 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was acquired at an average price of $15.25 per share, with a total value of $100,070.50. Following the completion of the purchase, the chief executive officer now directly owns 388,134 shares of the company’s stock, valued at $5,919,043.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Byron L. Boston purchased 1,928 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was bought at an average cost of $15.54 per share, for a total transaction of $29,961.12. Following the completion of the purchase, the chief executive officer now directly owns 3,095 shares in the company, valued at approximately $48,096.30. The disclosure for this purchase can be found here. Insiders acquired a total of 18,490 shares of company stock worth $288,432 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Dynex Capital Trading Down 0.7 %

Shares of NYSE:DX opened at $15.27 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.10. Dynex Capital, Inc. has a 12-month low of $13.96 and a 12-month high of $18.15. The business has a 50 day moving average of $16.22 and a two-hundred day moving average of $16.00. The company has a market capitalization of $679.77 million, a PE ratio of 3.41 and a beta of 1.02.

Dynex Capital (NYSE:DXGet Rating) last posted its earnings results on Monday, July 25th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Dynex Capital had a net margin of 254.84% and a return on equity of 9.33%. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, analysts forecast that Dynex Capital, Inc. will post 1.65 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 22nd were given a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.22%. The ex-dividend date was Friday, August 19th. Dynex Capital’s dividend payout ratio (DPR) is presently 34.82%.

Dynex Capital Profile

(Get Rating)

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.

See Also

Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

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