Deutsche Bank AG Has $2.98 Million Stake in Dynex Capital, Inc. $DX

Deutsche Bank AG grew its position in Dynex Capital, Inc. (NYSE:DX) by 43.8% in the second quarter, HoldingsChannel.com reports. The fund owned 227,104 shares of the real estate investment trust’s stock after buying an additional 69,201 shares during the quarter. Deutsche Bank AG’s holdings in Dynex Capital were worth $2,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Federation des caisses Desjardins du Quebec bought a new stake in Dynex Capital during the 4th quarter worth approximately $28,000. Triumph Capital Management acquired a new position in Dynex Capital in the third quarter worth $29,000. IMG Wealth Management Inc. bought a new stake in shares of Dynex Capital during the fourth quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dynex Capital by 124.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,378 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,318 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Dynex Capital by 891.8% in the second quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 2,604 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Dynex Capital Stock Performance

DX stock opened at $12.88 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $13.01 and its two-hundred day moving average price is $13.18. Dynex Capital, Inc. has a 1-year low of $11.82 and a 1-year high of $14.93. The firm has a market cap of $3.19 billion, a PE ratio of 4.90 and a beta of 0.96.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.The business had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be given a $0.17 dividend. This represents a c) annualized dividend and a yield of 15.8%. The ex-dividend date of this dividend is Friday, August 21st. Dynex Capital’s 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.