Renaissance Technologies LLC Increases Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Renaissance Technologies LLC raised its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 267.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,000 shares of the real estate investment trust’s stock after purchasing an additional 96,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.18% of Dynex Capital worth $1,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DX. Prevail Innovative Wealth Advisors LLC bought a new position in Dynex Capital in the second quarter worth about $735,000. Swiss National Bank raised its position in shares of Dynex Capital by 4.7% in the 1st quarter. Swiss National Bank now owns 111,833 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 5,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Dynex Capital by 474.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 119,791 shares of the real estate investment trust’s stock valued at $1,430,000 after purchasing an additional 98,934 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Dynex Capital by 26.5% during the second quarter. Bank of New York Mellon Corp now owns 218,120 shares of the real estate investment trust’s stock valued at $2,604,000 after purchasing an additional 45,679 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Dynex Capital by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust’s stock worth $37,881,000 after purchasing an additional 41,586 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DX. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.35.

Dynex Capital Price Performance

Shares of NYSE:DX opened at $12.21 on Friday. The business has a fifty day moving average price of $12.42 and a 200-day moving average price of $12.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $783.98 million, a PE ratio of 10.44 and a beta of 1.33. Dynex Capital, Inc. has a 1-year low of $9.57 and a 1-year high of $13.13.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The firm had revenue of $76.05 million for the quarter. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. During the same period in the prior year, the company posted ($0.27) EPS. As a group, equities analysts expect that Dynex Capital, Inc. will post 1 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 23rd were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.56 annualized dividend and a yield of 12.78%. Dynex Capital’s dividend payout ratio (DPR) is presently 133.33%.

Dynex Capital Company 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.