BlackRock Inc. raised its position in shares of Dynex Capital, Inc. (NYSE:DX) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,988,047 shares of the real estate investment trust’s stock after acquiring an additional 27,359 shares during the quarter. BlackRock Inc. owned approximately 4.55% of Dynex Capital worth $20,946,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. LSV Asset Management raised its holdings in shares of Dynex Capital by 3.1% during the fourth quarter. LSV Asset Management now owns 1,627,500 shares of the real estate investment trust’s stock valued at $11,408,000 after acquiring an additional 49,700 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Dynex Capital by 3.8% during the fourth quarter. California Public Employees Retirement System now owns 277,716 shares of the real estate investment trust’s stock valued at $1,947,000 after acquiring an additional 10,096 shares during the last quarter. First Quadrant L P CA raised its holdings in shares of Dynex Capital by 76.5% during the fourth quarter. First Quadrant L P CA now owns 217,001 shares of the real estate investment trust’s stock valued at $1,521,000 after acquiring an additional 94,023 shares during the last quarter. Cigna Investments Inc. New raised its holdings in shares of Dynex Capital by 205.4% during the fourth quarter. Cigna Investments Inc. New now owns 198,770 shares of the real estate investment trust’s stock valued at $1,393,000 after acquiring an additional 133,675 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Dynex Capital by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 192,189 shares of the real estate investment trust’s stock valued at $1,398,000 after acquiring an additional 8,757 shares during the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.
NYSE:DX opened at $6.45 on Tuesday. Dynex Capital, Inc. has a one year low of $6.01 and a one year high of $7.41. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $358.44, a P/E ratio of 8.84 and a beta of 0.61.
Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Dynex Capital had a return on equity of 11.04% and a net margin of 35.86%. The firm had revenue of $14.07 million during the quarter, compared to analysts’ expectations of $15.90 million. During the same quarter last year, the firm earned $0.20 earnings per share. equities research analysts anticipate that Dynex Capital, Inc. will post 0.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 3rd will be issued a $0.18 dividend. The ex-dividend date is Monday, April 2nd. This represents a $0.72 annualized dividend and a dividend yield of 11.16%. Dynex Capital’s dividend payout ratio is presently 98.63%.
DX has been the subject of several recent research reports. Zacks Investment Research cut Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price target on shares of Dynex Capital in a report on Friday, February 23rd. Finally, ValuEngine raised Dynex Capital from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $7.50.
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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.
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