Charles Schwab Investment Management Inc. raised its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 20.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 610,120 shares of the real estate investment trust's stock after buying an additional 101,948 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.77% of Dynex Capital worth $7,785,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new position in Dynex Capital during the 3rd quarter valued at about $211,000. Hilton Capital Management LLC acquired a new stake in shares of Dynex Capital in the third quarter valued at approximately $142,000. Quest Partners LLC acquired a new stake in shares of Dynex Capital in the third quarter valued at approximately $2,527,000. Curi RMB Capital LLC increased its stake in shares of Dynex Capital by 21.6% during the 3rd quarter. Curi RMB Capital LLC now owns 47,330 shares of the real estate investment trust's stock worth $604,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Dynex Capital by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust's stock worth $26,704,000 after purchasing an additional 136,776 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.
Get Our Latest Stock Report on Dynex Capital
Dynex Capital Trading Down 0.1 %
DX traded down $0.01 during trading on Wednesday, hitting $12.71. The company's stock had a trading volume of 1,188,227 shares, compared to its average volume of 1,575,325. The stock has a market cap of $1.01 billion, a PE ratio of 10.10 and a beta of 1.31. The firm's 50 day moving average price is $12.42 and its 200-day moving average price is $12.30. Dynex Capital, Inc. has a twelve month low of $11.36 and a twelve month high of $13.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.
Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. The company had revenue of $83.46 million for the quarter, compared to analyst estimates of $4.92 million. During the same period in the prior year, the company earned ($0.28) EPS. On average, analysts expect that Dynex Capital, Inc. will post 1.03 earnings per share for the current year.
Dynex Capital Increases Dividend
The business also recently declared a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 22nd were given a dividend of $0.15 per share. This is a positive change from Dynex Capital's previous monthly dividend of $0.13. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.80 annualized dividend and a yield of 14.16%. Dynex Capital's dividend payout ratio is 142.86%.
Dynex Capital Profile
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Free Report)
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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