Signaturefd LLC Acquires 1,661 Shares of Dynex Capital, Inc. (NYSE:DX)

Signaturefd LLC increased its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 305.9% in the third quarter, Holdings Channel.com reports. The fund owned 2,204 shares of the real estate investment trust’s stock after buying an additional 1,661 shares during the quarter. Signaturefd LLC’s holdings in Dynex Capital were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DX. Millennium Management LLC lifted its stake in shares of Dynex Capital by 62.1% during the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after acquiring an additional 986,471 shares during the last quarter. EMG Holdings L.P. bought a new stake in Dynex Capital during the 2nd quarter valued at $4,738,000. Van ECK Associates Corp raised its position in Dynex Capital by 69.1% during the 2nd quarter. Van ECK Associates Corp now owns 719,151 shares of the real estate investment trust’s stock valued at $8,587,000 after purchasing an additional 293,888 shares in the last quarter. Algebris UK Ltd bought a new stake in Dynex Capital during the 1st quarter valued at $2,477,000. Finally, Victory Capital Management Inc. raised its position in Dynex Capital by 11.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,956,032 shares of the real estate investment trust’s stock valued at $23,355,000 after purchasing an additional 199,337 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

Dynex Capital Trading Up 0.2 %

DX opened at $12.39 on Thursday. The firm has a market cap of $925.66 million, a price-to-earnings ratio of 9.83 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. Dynex Capital, Inc. has a 12 month low of $9.70 and a 12 month high of $13.13. The stock has a fifty day moving average price of $12.51 and a 200-day moving average price of $12.22.

Dynex Capital (NYSE:DX) last released its quarterly earnings results 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). Dynex Capital had a negative return on equity of 5.06% and a net margin of 28.83%. The company had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. During the same period in the previous year, the firm posted ($0.28) earnings per share. As a group, equities research analysts anticipate that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 14.53%. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 22nd. Dynex Capital’s payout ratio is 123.81%.

Analyst Ratings Changes

A number of brokerages have weighed in on DX. StockNews.com lowered Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.35.

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.