KBC Group NV boosted its stake in Dynex Capital, Inc. (NYSE:DX) by 16.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,890 shares of the real estate investment trust’s stock after buying an additional 10,970 shares during the period. KBC Group NV’s holdings in Dynex Capital were worth $545,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. James Investment Research Inc. increased its position in Dynex Capital by 134.4% in the first quarter. James Investment Research Inc. now owns 400,070 shares of the real estate investment trust’s stock valued at $2,836,000 after buying an additional 229,410 shares during the last quarter. Norges Bank purchased a new position in Dynex Capital during the fourth quarter valued at $1,348,000. Van ECK Associates Corp purchased a new position in Dynex Capital during the fourth quarter valued at $1,245,000. Renaissance Technologies LLC increased its position in Dynex Capital by 73.0% in the fourth quarter. Renaissance Technologies LLC now owns 363,022 shares of the real estate investment trust’s stock valued at $2,476,000 after buying an additional 153,222 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Dynex Capital by 54.8% in the fourth quarter. Two Sigma Investments LP now owns 315,833 shares of the real estate investment trust’s stock valued at $2,154,000 after buying an additional 111,854 shares during the last quarter. Institutional investors own 44.64% of the company’s stock.
Shares of Dynex Capital, Inc. (DX) opened at 7.19 on Tuesday. Dynex Capital, Inc. has a one year low of $6.49 and a one year high of $7.61. The stock has a market cap of $353.78 million, a PE ratio of 4.40 and a beta of 0.91. The company’s 50-day moving average price is $6.88 and its 200-day moving average price is $6.89.
Dynex Capital (NYSE:DX) last posted its earnings results on Thursday, April 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $14.90 million during the quarter, compared to analysts’ expectations of $15.31 million. Dynex Capital had a return on equity of 11.78% and a net margin of 100.40%. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Equities research analysts anticipate that Dynex Capital, Inc. will post $0.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, July 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.01%. Dynex Capital’s dividend payout ratio is currently 44.17%.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 price target on shares of Dynex Capital in a research note on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating, Dynex Capital currently has a consensus rating of “Hold” and a consensus target price of $7.13.
In related news, Director Barry Igdaloff sold 7,693 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $6.90, for a total value of $53,081.70. Following the sale, the director now directly owns 317,185 shares in the company, valued at $2,188,576.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.14% of the stock is currently owned by insiders.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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