State of New Jersey Common Pension Fund D Cuts Stock Position in Dynex Capital, Inc. (NYSE:DX)

State of New Jersey Common Pension Fund D lessened its stake in Dynex Capital, Inc. (NYSE:DX) by 32.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,963 shares of the real estate investment trust’s stock after selling 72,276 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.20% of Dynex Capital worth $1,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of Dynex Capital by 3.1% during the second quarter. International Assets Investment Management LLC now owns 32,458 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 972 shares in the last quarter. Cambridge Advisors Inc. grew its holdings in shares of Dynex Capital by 5.9% during the first quarter. Cambridge Advisors Inc. now owns 18,000 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 1,000 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of Dynex Capital by 7.2% during the first quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,135 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Dynex Capital by 8.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,330 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Dynex Capital by 15.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 2,134 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Up 1.8 %

Shares of DX opened at $12.62 on Wednesday. The company’s 50-day simple moving average is $12.40 and its 200-day simple moving average is $12.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current 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 capitalization of $809.98 million, a PE ratio of 10.78 and a beta of 1.33.

Dynex Capital (NYSE:DX) last released its earnings results 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). Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. The firm had revenue of $76.05 million for the quarter. During the same quarter last year, the firm earned ($0.27) EPS. Analysts forecast that Dynex Capital, Inc. will post 1 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.37%. Dynex Capital’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analyst Weigh In

DX has been the subject of a number of analyst reports. Janney Montgomery Scott initiated coverage on shares of Dynex Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $13.50 price objective for the company. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.