Longboard Asset Management LP Takes Position in Dynex Capital, Inc. (NYSE:DX)

Longboard Asset Management LP purchased a new position in Dynex Capital, Inc. (NYSE:DX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,390 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC lifted its holdings in shares of Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 919 shares during the last quarter. Cambridge Advisors Inc. raised its position in Dynex Capital by 7.6% in the 4th quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 1,300 shares during the period. Signaturefd LLC lifted its stake in Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,661 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Dynex Capital by 8.2% during the third quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 1,950 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted its position in shares of Dynex Capital by 35.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 15,555 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 4,075 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DX has been the topic of several recent analyst reports. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dynex Capital has an average rating of “Moderate Buy” and a consensus price target of $13.56.

Dynex Capital Stock Down 0.4 %

Shares of NYSE DX opened at $13.22 on Tuesday. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $13.43. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.99 and a beta of 1.31. The stock has a 50 day moving average price of $12.61 and a 200 day moving average price of $12.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Sell-side analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 13.62%. The ex-dividend date of this dividend was Thursday, January 23rd. Dynex Capital’s payout ratio is 122.45%.

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.