Zacks Investment Management Invests $4.28 Million in Dynex Capital, Inc. (NYSE:DX)

Zacks Investment Management purchased a new position in Dynex Capital, Inc. (NYSE:DX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 337,984 shares of the real estate investment trust's stock, valued at approximately $4,275,000. Zacks Investment Management owned 0.43% of Dynex Capital as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Dynex Capital by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock worth $54,615,000 after buying an additional 260,798 shares in the last quarter. Geode Capital Management LLC raised its stake 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. Barclays PLC boosted its holdings in shares of Dynex Capital by 833.2% during the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after purchasing an additional 195,400 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Dynex Capital by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust's stock valued at $4,978,000 after purchasing an additional 190,626 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Dynex Capital in the fourth quarter worth about $2,009,000. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Trading Down 1.8 %

Shares of Dynex Capital stock traded down $0.21 on Monday, hitting $11.46. 5,179,672 shares of the company traded hands, compared to its average volume of 2,244,898. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52. The company has a market cap of $1.10 billion, a PE ratio of 7.80 and a beta of 1.14. The stock's 50 day moving average price is $13.23 and its 200-day moving average price is $12.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX - Get Free Report) last posted its 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 net margin of 35.65% and a negative return on equity of 2.24%. Equities research analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 17.80%. Dynex Capital's dividend payout ratio is presently 138.78%.

Analyst Ratings Changes

A number of brokerages have issued reports on DX. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Jones Trading reduced their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research report on Monday. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.13.

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.