Vanguard Group Inc. increased its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,317,400 shares of the real estate investment trust's stock after buying an additional 260,798 shares during the period. Vanguard Group Inc. owned 5.44% of Dynex Capital worth $54,615,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 253,660 shares during the period. State Street Corp lifted its position in Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust's stock valued at $19,977,000 after buying an additional 44,302 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Dynex Capital by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust's stock valued at $11,045,000 after buying an additional 148,235 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Dynex Capital by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock worth $8,249,000 after acquiring an additional 42,012 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Dynex Capital by 95.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust's stock valued at $4,978,000 after acquiring an additional 190,626 shares during the period. 38.34% of the stock is currently owned by hedge funds and other institutional investors.
Dynex Capital Stock Performance
Dynex Capital stock traded up $0.14 during trading on Thursday, reaching $11.73. The company had a trading volume of 509,045 shares, compared to its average volume of 3,410,159. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.98 and a beta of 1.14. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm's 50-day simple moving average is $13.30 and its 200 day simple moving average is $12.81. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52.
Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 2.24% and a net margin of 35.65%. Sell-side analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.
Dynex Capital Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 17.40%. Dynex Capital's payout ratio is currently 138.78%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on DX shares. 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 report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.33.
Check Out Our Latest Stock Report on Dynex Capital
Dynex Capital Company Profile
(
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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