Charles Schwab Investment Management Inc. Raises Holdings in Dynex Capital, Inc. (NYSE:DX)

Charles Schwab Investment Management Inc. lifted its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,132 shares of the real estate investment trust's stock after purchasing an additional 42,012 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of Dynex Capital worth $8,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westend Capital Management LLC raised its holdings in Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock worth $43,000 after buying an additional 919 shares during the last quarter. US Bancorp DE raised its holdings in shares of Dynex Capital by 567.1% in the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 3,227 shares during the last quarter. Firethorn Wealth Partners LLC bought a new position in Dynex Capital in the 4th quarter valued at about $148,000. Walleye Capital LLC acquired a new position in Dynex Capital during the 3rd quarter valued at about $155,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Dynex Capital by 80.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,300 shares of the real estate investment trust's stock worth $156,000 after purchasing an additional 5,500 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DX has been the topic of a number of recent research reports. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.56.

Dynex Capital Stock Performance

Shares of DX traded down $0.10 on Thursday, reaching $13.27. 2,205,098 shares of the company's stock traded hands, compared to its average volume of 2,980,418. The stock's 50 day simple moving average is $13.58 and its two-hundred day simple moving average is $12.88. The stock has a market cap of $1.20 billion, a PE ratio of 9.02 and a beta of 1.35. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $14.52. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. On average, analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.17 dividend. This is a positive change from Dynex Capital's previous monthly dividend of $0.15. The ex-dividend date is Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 15.38%. Dynex Capital's payout ratio is currently 138.78%.

Dynex Capital 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.