Virtu Financial LLC Purchases Shares of 22,499 Dynex Capital, Inc. (NYSE:DX)

Virtu Financial LLC purchased a new stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,499 shares of the real estate investment trust's stock, valued at approximately $285,000.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Dynex Capital by 17.5% during the 3rd 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 during the period. State Street Corp lifted its position in shares of 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 worth $19,977,000 after purchasing an additional 44,302 shares in the last quarter. FMR LLC boosted its holdings in shares of Dynex Capital by 6.6% during the third quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust's stock worth $17,250,000 after purchasing an additional 83,919 shares during the period. Van ECK Associates Corp grew its position in Dynex Capital by 20.4% during 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 purchasing an additional 148,235 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Dynex Capital by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock worth $8,249,000 after buying an additional 42,012 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company's stock.

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Dynex Capital Stock Performance

Shares of NYSE DX traded down $0.04 during trading hours on Tuesday, hitting $12.99. 2,962,971 shares of the company's stock were exchanged, compared to its average volume of 2,021,589. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.83 and a beta of 1.35. The company's 50-day moving average price is $13.61 and its 200-day moving average price is $12.89. 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, Inc. has a 1-year low of $11.36 and a 1-year high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, sell-side analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital's previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a yield of 15.71%. Dynex Capital's dividend payout ratio is 138.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Dynex Capital currently has an average rating of "Moderate Buy" and an average price target of $13.56.

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.