Intech Investment Management LLC Makes New $211,000 Investment in Dynex Capital, Inc. (NYSE:DX)

Intech Investment Management LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,508 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Several other large investors have also modified their holdings of DX. International Assets Investment Management LLC raised its position in Dynex Capital by 3.1% in the 2nd quarter. International Assets Investment Management LLC now owns 32,458 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 972 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Dynex Capital by 305.9% during the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,661 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Dynex Capital by 15.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 2,134 shares during the last quarter. Kraft Davis & Associates LLC increased its position in Dynex Capital by 22.9% in the 2nd quarter. Kraft Davis & Associates LLC now owns 17,865 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 3,325 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Dynex Capital by 18.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,859 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 3,681 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Stock Up 0.6 %

Shares of NYSE:DX opened at $12.64 on Friday. 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 company has a market capitalization of $1.00 billion, a P/E ratio of 10.03 and a beta of 1.31. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $13.13. The stock’s fifty day simple moving average is $12.42 and its 200-day simple moving average is $12.30.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The firm had revenue of $83.46 million during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts forecast that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 14.25%. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. Dynex Capital’s dividend payout ratio (DPR) is 142.86%.

Dynex Capital Company 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.