23,816 Shares in Dynex Capital, Inc. (NYSE:DX) Acquired by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC bought 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 filing with the SEC. The institutional investor bought 23,816 shares of the real estate investment trust's stock, valued at approximately $301,000.

Other hedge funds also recently bought and sold shares of the company. Hilton Capital Management LLC purchased a new stake in shares of Dynex Capital during the third quarter worth about $142,000. Intech Investment Management LLC purchased a new stake in Dynex Capital in the 3rd quarter worth approximately $211,000. Charles Schwab Investment Management Inc. grew its stake in Dynex Capital by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,120 shares of the real estate investment trust's stock worth $7,785,000 after acquiring an additional 101,948 shares during the period. Penserra Capital Management LLC raised its holdings in Dynex Capital by 22.8% in the 3rd quarter. Penserra Capital Management LLC now owns 80,081 shares of the real estate investment trust's stock valued at $1,021,000 after acquiring an additional 14,880 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Dynex Capital by 8.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust's stock worth $329,000 after purchasing an additional 1,950 shares during the period. Hedge funds and other institutional investors own 38.34% of the company's stock.

Dynex Capital Trading Down 0.3 %

Shares of DX traded down $0.05 during trading hours on Friday, hitting $14.06. The stock had a trading volume of 7,975,569 shares, compared to its average volume of 1,918,376. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $14.52. The firm has a market cap of $1.27 billion, a P/E ratio of 9.56 and a beta of 1.35. 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's fifty day simple moving average is $13.50 and its 200 day simple moving average is $12.85.

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Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.17 per share. This is an increase from Dynex Capital's previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a yield of 14.51%. The ex-dividend date is Monday, March 24th. Dynex Capital's payout ratio is currently 138.78%.

Analyst Upgrades and Downgrades

DX has been the subject of a number of recent analyst reports. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.