Dynex Capital (DX) Sees Large Volume Increase

Dynex Capital Inc (NYSE:DX) shares saw unusually-high trading volume on Friday . Approximately 1,014,035 shares traded hands during trading, an increase of 183% from the previous session’s volume of 358,812 shares.The stock last traded at $6.04 and had previously closed at $6.02.

DX has been the subject of several recent research reports. ValuEngine cut Dynex Capital from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. TheStreet raised Dynex Capital from a “d+” rating to a “c” rating in a report on Thursday, November 1st. Finally, Keefe, Bruyette & Woods set a $7.00 price target on Dynex Capital and gave the company a “hold” rating in a report on Thursday, August 2nd.

The firm has a market cap of $344.50 million, a P/E ratio of 8.27 and a beta of 0.60.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. Dynex Capital had a return on equity of 13.90% and a net margin of 105.23%. The firm had revenue of $12.17 million during the quarter. On average, equities analysts predict that Dynex Capital Inc will post 0.71 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 3rd were issued a $0.18 dividend. The ex-dividend date was Tuesday, October 2nd. This represents a $0.72 annualized dividend and a dividend yield of 11.92%. Dynex Capital’s dividend payout ratio is presently 98.63%.

Several large investors have recently bought and sold shares of DX. Wolverine Asset Management LLC increased its holdings in shares of Dynex Capital by 369.7% in the second quarter. Wolverine Asset Management LLC now owns 572,214 shares of the real estate investment trust’s stock valued at $3,736,000 after purchasing an additional 450,380 shares during the last quarter. BlackRock Inc. increased its stake in Dynex Capital by 13.5% during the second quarter. BlackRock Inc. now owns 3,361,558 shares of the real estate investment trust’s stock worth $21,950,000 after acquiring an additional 399,714 shares during the last quarter. Citadel Advisors LLC increased its stake in Dynex Capital by 182.3% during the second quarter. Citadel Advisors LLC now owns 573,607 shares of the real estate investment trust’s stock worth $3,745,000 after acquiring an additional 370,441 shares during the last quarter. United Services Automobile Association increased its stake in Dynex Capital by 64.7% during 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 acquiring an additional 95,600 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Dynex Capital by 20.8% during the second quarter. Renaissance Technologies LLC now owns 545,100 shares of the real estate investment trust’s stock worth $3,560,000 after acquiring an additional 93,900 shares during the last quarter. 51.37% of the stock is owned by hedge funds and other institutional investors.

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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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