International Assets Investment Management LLC boosted its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 1,152.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 406,532 shares of the real estate investment trust's stock after acquiring an additional 374,074 shares during the quarter. International Assets Investment Management LLC owned about 0.54% of Dynex Capital worth $5,187,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Kovack Advisors Inc. lifted its stake in shares of Dynex Capital by 7.2% in the first quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust's stock worth $211,000 after acquiring an additional 1,135 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Dynex Capital by 8.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the real estate investment trust's stock valued at $203,000 after buying an additional 1,330 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 1,661 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Dynex Capital by 15.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust's stock worth $203,000 after buying an additional 2,134 shares in the last quarter. Finally, Kraft Davis & Associates LLC increased its stake in shares of Dynex Capital by 22.9% in the second quarter. Kraft Davis & Associates LLC now owns 17,865 shares of the real estate investment trust's stock worth $218,000 after buying an additional 3,325 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.
Dynex Capital Stock Performance
Shares of Dynex Capital stock traded down $0.08 during trading hours on Friday, reaching $12.13. The company's stock had a trading volume of 2,681,685 shares, compared to its average volume of 2,264,326. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital, Inc. has a one year low of $10.50 and a one year high of $13.13. The company's 50 day simple moving average is $12.50 and its 200 day simple moving average is $12.23. The stock has a market cap of $961.91 million, a P/E ratio of 9.63 and a beta of 1.32.
Dynex Capital (NYSE:DX - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39). The company had revenue of $83.46 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned ($0.28) earnings per share. As a group, analysts expect that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.
Dynex Capital Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be 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 dividend on an annualized basis and a yield of 14.84%. The ex-dividend date of this dividend is Friday, November 22nd. Dynex Capital's dividend payout ratio is presently 123.81%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on DX. StockNews.com lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Dynex Capital presently has a consensus rating of "Hold" and an average target price of $13.35.
Get Our Latest Analysis on DX
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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