The Manufacturers Life Insurance Company Raises Stock Position in Dynex Capital, Inc. (NYSE:DX)

The Manufacturers Life Insurance Company grew its holdings in Dynex Capital, Inc. (NYSE:DX) by 18.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,859 shares of the real estate investment trust’s stock after purchasing an additional 3,681 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Dynex Capital were worth $285,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Dynex Capital during the second quarter worth about $735,000. Clayton Partners LLC acquired a new position in Dynex Capital during the 2nd quarter worth approximately $1,313,000. Renaissance Technologies LLC increased its position in shares of Dynex Capital by 267.7% in the 2nd quarter. Renaissance Technologies LLC now owns 132,000 shares of the real estate investment trust’s stock valued at $1,576,000 after purchasing an additional 96,100 shares during the last quarter. Swiss National Bank raised its holdings 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 valued at $1,392,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Dynex Capital by 474.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 119,791 shares of the real estate investment trust’s stock worth $1,430,000 after purchasing an additional 98,934 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Price Performance

Shares of DX opened at $12.66 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital, Inc. has a 1-year low of $9.57 and a 1-year high of $13.13. The stock has a market cap of $945.46 million, a PE ratio of 210.92 and a beta of 1.33. The firm has a fifty day moving average price of $12.46 and a 200 day moving average price of $12.19.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.30). The firm had revenue of $76.05 million during 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 firm earned ($0.27) earnings per share. As a group, sell-side analysts anticipate that Dynex Capital, Inc. will post 1 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 25th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, October 25th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.33%. Dynex Capital’s dividend payout ratio (DPR) is presently 2,600.00%.

Analyst Ratings Changes

Several research firms recently commented on DX. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.35.

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.