Barclays PLC Boosts Stake in Dynex Capital, Inc. (NYSE:DX)

Barclays PLC raised its position in Dynex Capital, Inc. (NYSE:DX) by 833.2% during the third quarter, HoldingsChannel.com reports. The firm owned 218,853 shares of the real estate investment trust’s stock after buying an additional 195,400 shares during the quarter. Barclays PLC’s holdings in Dynex Capital were worth $2,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dynex Capital by 68.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust’s stock worth $1,340,000 after purchasing an additional 42,755 shares during the period. PVG Asset Management Corp purchased a new stake in shares of Dynex Capital in the second quarter worth about $913,000. BNP Paribas Financial Markets grew its stake in shares of Dynex Capital by 147.5% in the third quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust’s stock valued at $517,000 after buying an additional 24,139 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Dynex Capital by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock valued at $26,704,000 after buying an additional 136,776 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Dynex Capital by 1,152.5% during the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock worth $5,187,000 after acquiring an additional 374,074 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Trading Up 1.1 %

Shares of DX opened at $12.63 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital, Inc. has a one year low of $11.36 and a one year high of $13.13. The stock has a 50-day moving average price of $12.49 and a 200 day moving average price of $12.33. The company has a market capitalization of $1.00 billion, a P/E ratio of 10.02 and a beta of 1.31.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The company had revenue of $83.46 million for the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same period in the previous year, the business posted ($0.28) EPS. Sell-side analysts forecast that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, January 2nd will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.25%. The ex-dividend date is Thursday, January 2nd. Dynex Capital’s payout ratio is currently 142.86%.

Analysts Set New Price Targets

Separately, JMP Securities reiterated 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 given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.56.

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.