Squarepoint Ops LLC Takes Position in Dynex Capital, Inc. (NYSE:DX)

Squarepoint Ops LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,735 shares of the real estate investment trust’s stock, valued at approximately $128,000.

Other hedge funds have also modified their holdings of the company. Westend Capital Management LLC purchased a new stake in shares of Dynex Capital in the 1st quarter valued at approximately $35,000. Cambridge Advisors Inc. grew its stake in shares of Dynex Capital by 5.9% in the 1st quarter. Cambridge Advisors Inc. now owns 18,000 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 1,000 shares during the period. Kovack Advisors Inc. boosted its position in shares of Dynex Capital by 7.2% during the 1st quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,135 shares during the period. Van ECK Associates Corp boosted its position in shares of Dynex Capital by 5.3% during the 1st quarter. Van ECK Associates Corp now owns 425,263 shares of the real estate investment trust’s stock worth $5,295,000 after purchasing an additional 21,226 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Dynex Capital by 81.6% during the 1st quarter. BNP Paribas Financial Markets now owns 27,397 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 12,307 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Performance

Shares of DX stock opened at $12.25 on Monday. Dynex Capital, Inc. has a 52 week low of $9.57 and a 52 week high of $13.13. The firm has a 50 day moving average of $12.43 and a two-hundred day moving average of $12.19. The stock has a market capitalization of $915.20 million, a PE ratio of 204.17 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 quarterly earnings data 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 net margin of 4.63% and a negative return on equity of 6.08%. The firm had revenue of $76.05 million during the quarter. During the same quarter last year, the firm earned ($0.27) EPS. On average, research analysts predict that Dynex Capital, Inc. will post 1 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 23rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.56 annualized dividend and a yield of 12.73%. Dynex Capital’s dividend payout ratio is currently 2,600.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DX shares. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.35.

About Dynex Capital

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.