396,832 Shares in Dynex Capital, Inc. (NYSE:DX) Acquired by EMG Holdings L.P.

EMG Holdings L.P. purchased a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 396,832 shares of the real estate investment trust’s stock, valued at approximately $4,738,000. Dynex Capital makes up 2.3% of EMG Holdings L.P.’s portfolio, making the stock its 10th largest position. EMG Holdings L.P. owned about 0.62% of Dynex Capital as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in Dynex Capital in the first quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC acquired a new stake in Dynex Capital in the second quarter valued at approximately $81,000. Valley Brook Capital Group Inc. acquired a new stake in Dynex Capital in the first quarter valued at approximately $103,000. ProShare Advisors LLC acquired a new stake in Dynex Capital in the first quarter valued at approximately $126,000. Finally, Kraft Davis & Associates LLC acquired a new stake in Dynex Capital in the first quarter valued at approximately $181,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DX shares. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Janney Montgomery Scott initiated coverage on shares of Dynex Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $13.50 price target for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One research 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.35.

Dynex Capital Price Performance

Shares of NYSE DX opened at $12.96 on Friday. Dynex Capital, Inc. has a twelve month low of $9.57 and a twelve month high of $13.16. The firm has a fifty day simple moving average of $12.39 and a 200 day simple moving average of $12.19. The company has a market capitalization of $968.24 million, a PE ratio of 11.08 and a beta of 1.33. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX) last announced 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 period in the previous year, the company earned ($0.27) earnings per share. On average, sell-side analysts forecast that Dynex Capital, Inc. will post 1 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 23rd will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date is Monday, September 23rd. Dynex Capital’s dividend payout ratio is presently 133.33%.

Dynex Capital 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.