Charles Schwab Investment Management Inc. Grows Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Charles Schwab Investment Management Inc. increased its position in Dynex Capital, Inc. (NYSE:DX) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 652,132 shares of the real estate investment trust’s stock after buying an additional 42,012 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Dynex Capital were worth $8,249,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DX. Westend Capital Management LLC lifted its holdings in Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 919 shares in the last quarter. US Bancorp DE lifted its holdings in Dynex Capital by 567.1% in the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 3,227 shares in the last quarter. Firethorn Wealth Partners LLC purchased a new position in Dynex Capital in the 4th quarter worth approximately $148,000. Walleye Capital LLC bought a new stake in Dynex Capital in the 3rd quarter worth approximately $155,000. Finally, Weaver Consulting Group bought a new stake in Dynex Capital in the 4th quarter worth approximately $156,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

DX stock opened at $14.06 on Monday. 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’s fifty day simple moving average is $13.50 and its two-hundred day simple moving average is $12.86. Dynex Capital, Inc. has a twelve month low of $11.36 and a twelve month high of $14.52. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 9.56 and a beta of 1.35.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (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%. Analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, March 24th. This represents a $2.04 dividend on an annualized basis and a yield of 14.51%. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio (DPR) is presently 138.78%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.