Van ECK Associates Corp Grows Position in Dynex Capital, Inc. (NYSE:DX)

Van ECK Associates Corp increased its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 873,111 shares of the real estate investment trust's stock after buying an additional 148,235 shares during the period. Van ECK Associates Corp owned 1.10% of Dynex Capital worth $11,045,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 1,661 shares during the period. Westend Capital Management LLC grew its holdings in Dynex Capital by 37.0% in 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 period. Hilton Capital Management LLC purchased a new stake in Dynex Capital in the third quarter worth about $142,000. Firethorn Wealth Partners LLC purchased a new stake in shares of Dynex Capital during the fourth quarter valued at approximately $148,000. Finally, Walleye Capital LLC purchased a new stake in shares of Dynex Capital during the third quarter valued at approximately $155,000. 38.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DX shares. JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com upgraded shares of 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 four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.56.

Dynex Capital Stock Performance

Dynex Capital stock traded up $0.07 during midday trading on Thursday, reaching $13.88. 2,465,213 shares of the company traded hands, compared to its average volume of 2,442,039. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.44 and a beta of 1.31. The business has a 50 day moving average of $12.84 and a two-hundred day moving average of $12.59. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $13.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.80 annualized dividend and a dividend yield of 12.97%. Dynex Capital's payout ratio is 122.45%.

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.