Victory Capital Management Inc. Has $26.70 Million Position in Dynex Capital, Inc. (NYSE:DX)

Victory Capital Management Inc. raised its holdings in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,092,808 shares of the real estate investment trust's stock after buying an additional 136,776 shares during the quarter. Victory Capital Management Inc. owned about 2.64% of Dynex Capital worth $26,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DX. Entropy Technologies LP purchased a new position in shares of Dynex Capital during the 3rd quarter worth approximately $470,000. Wolverine Asset Management LLC lifted its stake in Dynex Capital by 933.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust's stock worth $2,875,000 after acquiring an additional 203,494 shares in the last quarter. PDS Planning Inc purchased a new position in Dynex Capital during the 3rd quarter valued at about $182,000. Van ECK Associates Corp grew its position in Dynex Capital by 0.8% in the 3rd quarter. Van ECK Associates Corp now owns 724,876 shares of the real estate investment trust's stock valued at $9,126,000 after acquiring an additional 5,725 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC increased its stake in Dynex Capital by 35.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 15,555 shares of the real estate investment trust's stock worth $198,000 after buying an additional 4,075 shares during the period. Institutional investors and hedge funds own 38.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DX shares. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research note on Wednesday, August 28th. StockNews.com lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Dynex Capital presently has a consensus rating of "Hold" and an average price target of $13.35.

Dynex Capital Stock Up 0.6 %

Shares of Dynex Capital stock traded up $0.07 during trading hours on Monday, hitting $12.49. The company had a trading volume of 1,684,469 shares, compared to its average volume of 1,556,975. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The company's 50-day moving average is $12.47 and its two-hundred day moving average is $12.28. The company has a market cap of $990.46 million, a P/E ratio of 9.86 and a beta of 1.32. Dynex Capital, Inc. has a twelve month low of $11.11 and a twelve month high of $13.13.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (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 firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. During the same period last year, the company earned ($0.28) earnings per share. Analysts anticipate that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid 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 is Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 14.41%. Dynex Capital's payout ratio is 123.81%.

About Dynex Capital

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.