Charles Schwab Investment Management Inc. boosted its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 652,132 shares of the real estate investment trust's stock after buying an additional 42,012 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.82% of Dynex Capital worth $8,249,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of DX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dynex Capital by 68.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust's stock valued at $1,340,000 after buying an additional 42,755 shares during the last quarter. Barclays PLC boosted its holdings in Dynex Capital by 833.2% during the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after acquiring an additional 195,400 shares during the period. State Street Corp grew its position in Dynex Capital by 2.9% in the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust's stock valued at $19,977,000 after acquiring an additional 44,302 shares during the last quarter. Geode Capital Management LLC grew its position in Dynex Capital by 17.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust's stock valued at $21,718,000 after acquiring an additional 253,660 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Dynex Capital by 147.5% in the third quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 24,139 shares during the period. 38.34% of the stock is currently owned by institutional investors.
Dynex Capital Stock Down 1.2 %
Shares of Dynex Capital stock traded down $0.17 during trading on Tuesday, hitting $13.69. 1,423,699 shares of the stock traded hands, compared to its average volume of 1,923,044. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $14.52. The stock's fifty day simple moving average is $13.54 and its 200 day simple moving average is $12.87. The firm has a market cap of $1.24 billion, a P/E ratio of 9.31 and a beta of 1.35. 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 posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 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, equities analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.
Dynex Capital Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 14.91%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's dividend payout ratio (DPR) is 138.78%.
Analyst Ratings Changes
A number of research firms have recently commented on DX. StockNews.com upgraded shares of Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Dynex Capital currently has an average rating of "Moderate Buy" and a consensus target price of $13.56.
Check Out Our Latest Stock Report on DX
About Dynex Capital
(
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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