LPL Financial LLC grew its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 34.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,242 shares of the real estate investment trust's stock after purchasing an additional 28,272 shares during the quarter. LPL Financial LLC owned about 0.14% of Dynex Capital worth $1,382,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Dynex Capital by 17.5% in the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust's stock worth $21,718,000 after acquiring an additional 253,660 shares in the last quarter. State Street Corp lifted its position in Dynex Capital by 2.9% in 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 acquiring an additional 44,302 shares during the last quarter. Van ECK Associates Corp lifted its position in Dynex Capital by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust's stock valued at $11,045,000 after acquiring an additional 148,235 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Dynex Capital by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock valued at $8,249,000 after acquiring an additional 42,012 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Dynex Capital by 95.6% in the third 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 last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.
Dynex Capital Price Performance
DX traded up $0.21 during trading on Wednesday, reaching $11.85. 1,406,880 shares of the stock were exchanged, compared to its average volume of 2,248,822. The business's 50 day moving average price is $13.16 and its two-hundred day moving average price is $12.79. 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 has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.06 and a beta of 1.14. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52.
Dynex Capital (NYSE:DX - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The company had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. As a group, equities research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.
Dynex Capital Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 17.22%. Dynex Capital's payout ratio is 138.78%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Jones Trading dropped their price target on Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods decreased their price objective on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Finally, StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.83.
Read Our Latest Stock Report on Dynex Capital
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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