State of New Jersey Common Pension Fund D Increases Stake in Dynex Capital, Inc. (NYSE:DX)

State of New Jersey Common Pension Fund D grew its position in Dynex Capital, Inc. (NYSE:DX) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,239 shares of the real estate investment trust’s stock after acquiring an additional 30,164 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Dynex Capital were worth $2,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DX. SG Americas Securities LLC purchased a new position in Dynex Capital in the 3rd quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dynex Capital by 27.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,613 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 3,968 shares during the period. Nomura Holdings Inc. purchased a new position in Dynex Capital in the 3rd quarter worth about $240,000. Howard Financial Services LTD. grew its holdings in Dynex Capital by 7.9% during the 4th quarter. Howard Financial Services LTD. now owns 22,009 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 1,617 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Dynex Capital by 44.8% during the 4th quarter. New York State Common Retirement Fund now owns 25,635 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 7,928 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Dynex Capital from $13.50 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, April 23rd. Jonestrading reiterated a “buy” rating and set a $14.00 target price on shares of Dynex Capital in a report on Monday, April 22nd. Compass Point assumed coverage on shares of Dynex Capital in a report on Friday, April 12th. They set a “buy” rating and a $14.50 target price on the stock. Finally, JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.31.

Dynex Capital Stock Down 0.9 %

NYSE:DX opened at $11.81 on Tuesday. Dynex Capital, Inc. has a fifty-two week low of $9.57 and a fifty-two week high of $13.56. The stock has a market capitalization of $698.33 million, a P/E ratio of 10.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.16. The company’s 50-day simple moving average is $12.15 and its 200-day simple moving average is $11.94.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). Dynex Capital had a net margin of 30.50% and a negative return on equity of 7.51%. The firm had revenue of $71.19 million during the quarter.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.21%. The ex-dividend date of this dividend is Monday, April 22nd. Dynex Capital’s dividend payout ratio is currently 133.33%.

Dynex Capital Profile

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.