Longboard Asset Management LP Invests $220,000 in Dynex Capital, Inc. (NYSE:DX)

Longboard Asset Management LP acquired a new position in shares of Dynex Capital, Inc. (NYSE:DX) in the fourth quarter, Holdings Channel reports. The firm acquired 17,390 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Westend Capital Management LLC raised its holdings in Dynex Capital by 37.0% in the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 919 shares in the last quarter. Cambridge Advisors Inc. raised its stake in shares of Dynex Capital by 7.6% during the 4th quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 1,300 shares in the last quarter. Signaturefd LLC raised its stake in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,661 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in 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 acquiring an additional 1,950 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its holdings in Dynex Capital by 35.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 15,555 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 4,075 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dynex Capital Trading Down 0.4 %

NYSE DX opened at $13.22 on Tuesday. The company has a fifty day moving average of $12.61 and a 200 day moving average of $12.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $1.05 billion, a PE ratio of 8.99 and a beta of 1.31. Dynex Capital, Inc. has a 1 year low of $11.36 and a 1 year high of $13.43.

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

Dynex Capital Announces Dividend

The business also recently disclosed 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%.

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.