Creative Planning reduced its position in shares of Dynex Capital, Inc. (NYSE:DX) by 38.5% during the second quarter, Holdings Channel reports. The fund owned 24,818 shares of the real estate investment trust’s stock after selling 15,569 shares during the period. Creative Planning’s holdings in Dynex Capital were worth $176,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Dynex Capital by 4.2% in the first quarter. Vanguard Group Inc. now owns 2,060,641 shares of the real estate investment trust’s stock worth $14,610,000 after buying an additional 83,438 shares during the last quarter. LSV Asset Management increased its position in shares of Dynex Capital by 4.8% in the first quarter. LSV Asset Management now owns 1,479,598 shares of the real estate investment trust’s stock worth $10,490,000 after buying an additional 68,200 shares during the last quarter. UBS Group AG increased its position in shares of Dynex Capital by 25.4% in the first quarter. UBS Group AG now owns 1,215,547 shares of the real estate investment trust’s stock worth $8,618,000 after buying an additional 246,130 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Dynex Capital by 1.6% in the first quarter. Prudential Financial Inc. now owns 579,736 shares of the real estate investment trust’s stock worth $4,110,000 after buying an additional 8,900 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Dynex Capital by 30.2% in the first quarter. Renaissance Technologies LLC now owns 472,800 shares of the real estate investment trust’s stock worth $3,352,000 after buying an additional 109,778 shares during the last quarter. 44.00% of the stock is owned by institutional investors.
Shares of Dynex Capital, Inc. (NYSE:DX) traded down 0.490% on Thursday, hitting $7.105. The stock had a trading volume of 94,993 shares. The firm’s 50-day moving average is $6.97 and its 200-day moving average is $6.90. The company has a market cap of $349.81 million, a price-to-earnings ratio of 4.614 and a beta of 0.85. Dynex Capital, Inc. has a one year low of $6.49 and a one year high of $7.61.
Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Dynex Capital had a return on equity of 11.01% and a net margin of 93.54%. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $14.26 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts expect that Dynex Capital, Inc. will post $0.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 6th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.08%. Dynex Capital’s dividend payout ratio (DPR) is presently 46.75%.
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A number of research analysts have issued reports on DX shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.00 price target on shares of Dynex Capital in a report on Wednesday, April 26th. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub downgraded Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $7.13.
In related news, Director Barry Igdaloff sold 7,693 shares of Dynex Capital stock in a transaction that occurred on 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 SEC, which can be accessed through this link. 7.14% of the stock is 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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