Quest Partners LLC Buys New Shares in Dynex Capital, Inc. (NYSE:DX)

Quest Partners LLC bought a new position in Dynex Capital, Inc. (NYSE:DX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 198,054 shares of the real estate investment trust's stock, valued at approximately $2,527,000. Quest Partners LLC owned approximately 0.25% of Dynex Capital at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. PVG Asset Management Corp purchased a new position in Dynex Capital during the 2nd quarter valued at about $913,000. International Assets Investment Management LLC grew its position in Dynex Capital by 1,152.5% during the third quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust's stock valued at $5,187,000 after purchasing an additional 374,074 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in Dynex Capital in the 2nd quarter valued at approximately $735,000. Wolverine Asset Management LLC lifted its position 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 worth $2,875,000 after buying an additional 203,494 shares in the last quarter. Finally, Clayton Partners LLC acquired a new stake in shares of Dynex Capital during the 2nd quarter valued at $1,313,000. Institutional investors and hedge funds own 38.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DX. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a research note on Wednesday, August 28th. StockNews.com downgraded Dynex Capital from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.35.

Dynex Capital Stock Up 0.6 %

Shares of NYSE DX traded up $0.08 during mid-day trading on Monday, reaching $12.50. 990,771 shares of the company traded hands, compared to its average volume of 1,553,731. The company's fifty day moving average is $12.47 and its two-hundred day moving average is $12.28. Dynex Capital, Inc. has a fifty-two week low of $11.11 and a fifty-two week high of $13.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $991.25 million, a PE ratio of 9.86 and a beta of 1.32.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) 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 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 last year, the business earned ($0.28) EPS. On average, analysts expect that Dynex Capital, Inc. will post 1.03 earnings per share for the current year.

Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from Dynex Capital's previous monthly dividend of $0.13. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.40%. Dynex Capital's payout ratio is 123.81%.

Dynex Capital Company 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.