Dynex Capital, Inc. (NYSE:DX) Stake Increased by Fmr LLC

FMR LLC grew its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,351,914 shares of the real estate investment trust's stock after acquiring an additional 83,919 shares during the period. FMR LLC owned about 1.70% of Dynex Capital worth $17,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Dynex Capital by 62.1% in the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust's stock worth $30,756,000 after acquiring an additional 986,471 shares during the period. EMG Holdings L.P. purchased a new position in shares of Dynex Capital in the second quarter valued at $4,738,000. International Assets Investment Management LLC raised its stake in shares of Dynex Capital by 1,152.5% during the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust's stock worth $5,187,000 after buying an additional 374,074 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Dynex Capital by 69.1% in the 2nd quarter. Van ECK Associates Corp now owns 719,151 shares of the real estate investment trust's stock worth $8,587,000 after buying an additional 293,888 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Dynex Capital by 933.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust's stock valued at $2,875,000 after acquiring an additional 203,494 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Trading Down 0.1 %

DX traded down $0.01 during midday trading on Wednesday, hitting $12.71. The company's stock had a trading volume of 1,188,259 shares, compared to its average volume of 1,575,325. The firm has a market cap of $1.01 billion, a P/E ratio of 10.10 and a beta of 1.31. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $13.13. 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 has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $12.30.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.39). The company had revenue of $83.46 million for the quarter, compared to analysts' expectations of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same period in the prior year, the firm earned ($0.28) earnings per share. On average, research analysts anticipate that Dynex Capital, Inc. will post 1.03 earnings per share for the current year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd were paid a dividend of $0.15 per share. This is an increase from Dynex Capital's previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a yield of 14.16%. The ex-dividend date was Friday, November 22nd. Dynex Capital's payout ratio is currently 142.86%.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.56.

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.