Invesco Ltd. Grows Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Invesco Ltd. boosted its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,270,019 shares of the real estate investment trust's stock after acquiring an additional 108,747 shares during the period. Invesco Ltd. owned 1.60% of Dynex Capital worth $16,066,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Westend Capital Management LLC lifted its position in shares of 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 purchasing an additional 919 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Dynex Capital in the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. lifted its holdings in shares of Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,700 shares during the last quarter. US Bancorp DE raised its stake in Dynex Capital by 567.1% in the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 3,227 shares during the last quarter. Finally, Firethorn Wealth Partners LLC purchased a new position in shares of Dynex Capital in the 4th quarter valued at approximately $148,000. 38.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DX. StockNews.com lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday. JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Jones Trading reduced their target price on Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.83.

Dynex Capital Stock Up 1.7 %

DX traded up $0.20 on Friday, reaching $12.18. The company's stock had a trading volume of 970,178 shares, compared to its average volume of 2,266,574. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $13.09 and a two-hundred day moving average of $12.79. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.28 and a beta of 1.14. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The business had revenue of $17.13 million during the quarter, compared to analysts' expectations of $11.41 million. As a group, analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently disclosed 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. This represents a $2.04 annualized dividend and a yield of 16.74%. The ex-dividend date is Wednesday, April 23rd. Dynex Capital's payout ratio is 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.