Strs Ohio Increases Stake in Dynex Capital, Inc. (NYSE:DX)

Strs Ohio lifted its holdings in Dynex Capital, Inc. (NYSE:DXGet Rating) by 20.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,100 shares of the real estate investment trust’s stock after purchasing an additional 1,700 shares during the quarter. Strs Ohio’s holdings in Dynex Capital were worth $117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank purchased a new position in shares of Dynex Capital in the first quarter valued at $70,000. Brookstone Capital Management bought a new stake in Dynex Capital in the second quarter worth $268,000. Claybrook Capital LLC lifted its position in Dynex Capital by 32.6% in the third quarter. Claybrook Capital LLC now owns 56,570 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 13,900 shares during the last quarter. Denali Advisors LLC bought a new stake in Dynex Capital in the third quarter worth $345,000. Finally, Ziegler Capital Management LLC lifted its position in Dynex Capital by 3.0% in the second quarter. Ziegler Capital Management LLC now owns 84,838 shares of the real estate investment trust’s stock worth $1,351,000 after buying an additional 2,439 shares during the last quarter. 40.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dynex Capital

In other news, CEO Byron L. Boston acquired 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was purchased at an average cost of $10.92 per share, for a total transaction of $131,040.00. Following the completion of the acquisition, the chief executive officer now directly owns 400,134 shares of the company’s stock, valued at approximately $4,369,463.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

Dynex Capital Trading Up 1.1 %

NYSE:DX opened at $14.49 on Friday. Dynex Capital, Inc. has a twelve month low of $10.60 and a twelve month high of $17.06. The company has a market cap of $671.61 million, a price-to-earnings ratio of 4.74 and a beta of 1.10. The stock has a fifty day simple moving average of $13.21 and a 200-day simple moving average of $13.97.

Dynex Capital (NYSE:DXGet Rating) last released its earnings results on Monday, October 24th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.08). Dynex Capital had a return on equity of 9.16% and a net margin of 155.60%. During the same period in the prior year, the company earned $0.35 EPS. As a group, equities research analysts predict that Dynex Capital, Inc. will post 1.37 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Monday, January 23rd will be issued a $0.13 dividend. The ex-dividend date is Friday, January 20th. This represents a $1.56 annualized dividend and a dividend yield of 10.77%. Dynex Capital’s payout ratio is currently 50.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DX. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, November 2nd. Credit Suisse Group upgraded Dynex Capital from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $13.50 to $15.50 in a research report on Monday, January 9th. BTIG Research decreased their target price on Dynex Capital from $17.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Finally, Jonestrading lifted their target price on Dynex Capital from $13.50 to $14.00 in a research report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dynex Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.31.

Dynex Capital Company Profile

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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.

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

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