Founders Financial Alliance LLC Acquires 5,772 Shares of Dynex Capital, Inc. (NYSE:DX)

Founders Financial Alliance LLC grew its holdings in Dynex Capital, Inc. (NYSE:DX) by 55.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,275 shares of the real estate investment trust’s stock after acquiring an additional 5,772 shares during the quarter. Founders Financial Alliance LLC’s holdings in Dynex Capital were worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DX. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $37,881,000 after purchasing an additional 41,586 shares in the last quarter. Millennium Management LLC lifted its stake in Dynex Capital by 62.1% in the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock valued at $30,756,000 after acquiring an additional 986,471 shares in the last quarter. Victory Capital Management Inc. boosted its position in Dynex Capital by 11.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,956,032 shares of the real estate investment trust’s stock worth $23,355,000 after acquiring an additional 199,337 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Dynex Capital by 69.1% during the 2nd quarter. Van ECK Associates Corp now owns 719,151 shares of the real estate investment trust’s stock worth $8,587,000 after acquiring an additional 293,888 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in shares of Dynex Capital by 15.8% in the second quarter. Peregrine Capital Management LLC now owns 552,260 shares of the real estate investment trust’s stock worth $6,594,000 after purchasing an additional 75,553 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DX shares. StockNews.com downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Janney Montgomery Scott assumed coverage on shares of Dynex Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $13.50 price objective for the company. Finally, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.35.

Dynex Capital Trading Down 1.9 %

Dynex Capital stock opened at $12.52 on Wednesday. The firm has a 50-day moving average of $12.42 and a 200-day moving average of $12.20. Dynex Capital, Inc. has a one year low of $9.57 and a one year high of $13.13. 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 cap of $935.00 million, a price-to-earnings ratio of 10.70 and a beta of 1.33.

Dynex Capital (NYSE:DX) last released its quarterly 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 company 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 quarter in the prior year, the company posted ($0.27) earnings per share. On average, equities analysts expect that Dynex Capital, Inc. will post 1 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd were issued 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 12.47%. Dynex Capital’s dividend payout ratio is currently 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.