Wolverine Asset Management LLC lifted its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 933.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,302 shares of the real estate investment trust's stock after buying an additional 203,494 shares during the period. Wolverine Asset Management LLC owned about 0.28% of Dynex Capital worth $2,875,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Dynex Capital by 81.6% during the first quarter. BNP Paribas Financial Markets now owns 27,397 shares of the real estate investment trust's stock worth $341,000 after buying an additional 12,307 shares in the last quarter. Swiss National Bank grew its position in Dynex Capital by 4.7% during the first quarter. Swiss National Bank now owns 111,833 shares of the real estate investment trust's stock worth $1,392,000 after buying an additional 5,000 shares in the last quarter. ProShare Advisors LLC acquired a new stake in Dynex Capital during the first quarter worth approximately $126,000. State Board of Administration of Florida Retirement System grew its position in Dynex Capital by 8.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the real estate investment trust's stock worth $203,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Dynex Capital by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust's stock worth $37,881,000 after buying an additional 41,586 shares during the period. Institutional investors own 38.34% of the company's stock.
Dynex Capital Stock Performance
NYSE DX traded down $0.27 during trading hours on Tuesday, hitting $12.25. The company had a trading volume of 2,014,299 shares, compared to its average volume of 1,554,584. Dynex Capital, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $13.13. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $12.48 and a 200-day simple moving average of $12.27. The firm has a market cap of $971.47 million, a P/E ratio of 9.94 and a beta of 1.32.
Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 company posted ($0.28) earnings per share. Equities analysts predict that Dynex Capital, Inc. will post 1.03 EPS for the current year.
Dynex Capital Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be given a $0.15 dividend. This is an increase from Dynex Capital's previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 14.69%. Dynex Capital's dividend payout ratio is presently 142.86%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. StockNews.com downgraded Dynex Capital from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.35.
View Our Latest Analysis on Dynex Capital
Dynex Capital Company Profile
(
Free Report)
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.
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