Systematic Financial Management LP Invests $914,000 in Dynex Capital, Inc. (NYSE:DX)

Systematic Financial Management LP acquired a new position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 71,624 shares of the real estate investment trust's stock, valued at approximately $914,000. Systematic Financial Management LP owned 0.09% of Dynex Capital at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PVG Asset Management Corp bought a new stake in shares of Dynex Capital during the 2nd quarter worth about $913,000. Victory Capital Management Inc. lifted its position in Dynex Capital by 7.0% during the third quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust's stock worth $26,704,000 after acquiring an additional 136,776 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of 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 worth $5,187,000 after acquiring an additional 374,074 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Dynex Capital in the second quarter valued at approximately $735,000. Finally, Wolverine Asset Management LLC increased its stake in shares of Dynex Capital by 933.1% during the third quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust's stock worth $2,875,000 after purchasing an additional 203,494 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Shares of NYSE DX traded up $0.08 during midday trading on Friday, reaching $12.64. The company's stock had a trading volume of 2,675,887 shares, compared to its average volume of 1,891,242. 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 company has a market cap of $1.00 billion, a P/E ratio of 10.03 and a beta of 1.31. The business's 50 day moving average price is $12.42 and its two-hundred day moving average price is $12.30. Dynex Capital, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $13.13.

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 the consensus estimate of $0.29 by ($0.39). The firm 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 posted ($0.28) earnings per share. On average, analysts forecast that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd were issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.24%. The ex-dividend date was Friday, November 22nd. This is an increase from Dynex Capital's previous monthly dividend of $0.13. Dynex Capital's dividend payout ratio (DPR) is currently 142.86%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on 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.