200,000 Shares in Dynex Capital, Inc. $DX Acquired by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC purchased a new position in Dynex Capital, Inc. (NYSE:DX) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 200,000 shares of the real estate investment trust’s stock, valued at approximately $2,622,000.

A number of other institutional investors have also added to or reduced their stakes in DX. AQR Capital Management LLC raised its position in shares of Dynex Capital by 54.6% during the first quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 36,455 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Dynex Capital by 86.7% during the first quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock valued at $10,474,000 after acquiring an additional 373,610 shares in the last quarter. Cetera Investment Advisers increased its holdings in Dynex Capital by 51.5% in the 2nd quarter. Cetera Investment Advisers now owns 25,149 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 8,549 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Dynex Capital by 241.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 183,247 shares of the real estate investment trust’s stock valued at $2,239,000 after acquiring an additional 129,601 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Dynex Capital by 36.0% in the 2nd quarter. New York State Common Retirement Fund now owns 34,774 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 9,200 shares in the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DX has been the subject of several research reports. JonesTrading reissued a “buy” rating and set a $14.75 price objective on shares of Dynex Capital in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a report on Wednesday, June 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Tuesday, July 21st. BTIG Research set a $14.50 price target on Dynex Capital in a research note on Wednesday, June 17th. Finally, Wall Street Zen cut Dynex Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.56.

Dynex Capital Trading Down 0.4%

Shares of DX opened at $13.00 on Wednesday. The stock has a market capitalization of $3.22 billion, a PE ratio of 4.94 and a beta of 0.96. The company’s fifty day moving average is $13.01 and its 200 day moving average is $13.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16. Dynex Capital, Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $14.93.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%. The business had revenue of $302.75 million during the quarter, compared to analyst estimates of $103.62 million.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 15.7%. The ex-dividend date is Friday, August 21st. Dynex Capital’s dividend payout ratio is currently 77.57%.

Dynex Capital Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.