Jane Street Group LLC Acquires New Position in Dynex Capital Inc (DX)

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Jane Street Group LLC acquired a new stake in shares of Dynex Capital Inc (NYSE:DX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,187 shares of the real estate investment trust’s stock, valued at approximately $161,000.

A number of other hedge funds have also recently bought and sold shares of DX. Municipal Employees Retirement System of Michigan acquired a new position in Dynex Capital during the fourth quarter valued at approximately $715,000. Metropolitan Life Insurance Co. NY grew its holdings in Dynex Capital by 354.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,199 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 14,194 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Dynex Capital by 245.3% during the fourth quarter. Squarepoint Ops LLC now owns 38,810 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 27,570 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Dynex Capital during the fourth quarter valued at approximately $70,000. Finally, Bank of America Corp DE grew its holdings in Dynex Capital by 66.6% during the fourth quarter. Bank of America Corp DE now owns 32,036 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 12,809 shares during the last quarter. 46.01% of the stock is owned by institutional investors.

Shares of NYSE DX opened at $6.09 on Friday. The firm has a market cap of $432.78 million, a price-to-earnings ratio of 8.34 and a beta of 0.59. Dynex Capital Inc has a 52-week low of $5.57 and a 52-week high of $6.82.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $12.96 million for the quarter. Dynex Capital had a net margin of 6.38% and a return on equity of 14.22%. On average, equities research analysts anticipate that Dynex Capital Inc will post 0.7 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 22nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.82%. Dynex Capital’s dividend payout ratio is 98.63%.

In other Dynex Capital news, CFO Stephen J. Benedetti purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average cost of $5.90 per share, with a total value of $59,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 277,387 shares of the company’s stock, valued at approximately $1,636,583.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Byron L. Boston purchased 17,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average cost of $5.90 per share, with a total value of $100,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 611,545 shares of the company’s stock, valued at $3,608,115.50. The disclosure for this purchase can be found here. Insiders purchased 31,542 shares of company stock valued at $186,098 over the last ninety days. 3.36% of the stock is currently owned by company insiders.

Several equities analysts have commented on DX shares. TheStreet downgraded Dynex Capital from a “c” rating to a “d+” rating in a report on Friday, February 8th. Zacks Investment Research upgraded Dynex Capital from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a report on Monday, February 11th. Finally, Nomura started coverage on Dynex Capital in a report on Wednesday, March 27th. They set a “buy” rating and a $7.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.92.

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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.

Further Reading: Average Daily Trade Volume – ADTV

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Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

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