Dynex Capital (DX) Sets New 52-Week Low at $5.98

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Dynex Capital Inc (NYSE:DX) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.98 and last traded at $5.97, with a volume of 35672 shares trading hands. The stock had previously closed at $6.06.

Several research firms recently issued reports on DX. Keefe, Bruyette & Woods set a $7.00 price objective on Dynex Capital and gave the company a “hold” rating in a research note on Thursday, August 2nd. ValuEngine lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th.

The company has a market capitalization of $366.93 million, a PE ratio of 8.05 and a beta of 0.55.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Dynex Capital had a return on equity of 13.60% and a net margin of 93.79%. The firm had revenue of $11.75 million during the quarter. As a group, research analysts anticipate that Dynex Capital Inc will post 0.71 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 3rd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 12.24%. The ex-dividend date of this dividend is Tuesday, October 2nd. Dynex Capital’s dividend payout ratio (DPR) is currently 98.63%.

Hedge funds have recently modified their holdings of the business. United Services Automobile Association increased its holdings in shares of Dynex Capital by 64.7% in the second quarter. United Services Automobile Association now owns 243,336 shares of the real estate investment trust’s stock worth $1,589,000 after buying an additional 95,600 shares during the period. Northern Trust Corp increased its holdings in shares of Dynex Capital by 6.0% in the second quarter. Northern Trust Corp now owns 702,701 shares of the real estate investment trust’s stock worth $4,588,000 after buying an additional 39,700 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of Dynex Capital by 167.9% in the second quarter. MetLife Investment Advisors LLC now owns 27,274 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 17,092 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Dynex Capital by 27.8% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 406,000 shares of the real estate investment trust’s stock worth $2,651,000 after buying an additional 88,300 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Dynex Capital by 77.1% in the second quarter. Bank of America Corp DE now owns 23,249 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 10,120 shares during the period. 50.86% of the stock is owned by hedge funds and other institutional investors.

About Dynex Capital (NYSE:DX)

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.

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