ClearAlpha Technologies LP Takes Position in Dynex Capital, Inc. (NYSE:DX)

ClearAlpha Technologies LP acquired a new position in shares of Dynex Capital, Inc. (NYSE:DX) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 23,259 shares of the real estate investment trust’s stock, valued at approximately $297,000.

A number of other hedge funds have also recently made changes to their positions in DX. Signaturefd LLC grew its position in Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,661 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Dynex Capital in the second quarter valued at approximately $81,000. Squarepoint Ops LLC purchased a new stake in Dynex Capital during the 2nd quarter worth approximately $128,000. Hilton Capital Management LLC purchased a new stake in Dynex Capital during the 3rd quarter worth approximately $142,000. Finally, Walleye Capital LLC acquired a new stake in Dynex Capital during the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Down 0.2 %

Shares of Dynex Capital stock opened at $12.52 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $13.13. The company has a market capitalization of $992.84 million, a P/E ratio of 9.94 and a beta of 1.31. The company has a 50 day moving average of $12.42 and a 200 day moving average of $12.30.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.39). The firm had revenue of $83.46 million for the quarter, compared to analysts’ expectations of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same period last year, the firm posted ($0.28) earnings per share. As a group, research analysts forecast that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd were given a dividend of $0.15 per share. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a dividend yield of 14.38%. The ex-dividend date of this dividend was Friday, November 22nd. Dynex Capital’s dividend payout ratio is currently 142.86%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.35.

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.