Fmr LLC Purchases 83,919 Shares of Dynex Capital, Inc. (NYSE:DX)

Fmr LLC lifted its position in shares of Dynex Capital, Inc. (NYSE:DX) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,351,914 shares of the real estate investment trust’s stock after acquiring an additional 83,919 shares during the quarter. Fmr LLC’s holdings in Dynex Capital were worth $17,250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DX. Signaturefd LLC grew its stake in Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,661 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Dynex Capital in the second quarter valued at about $81,000. Squarepoint Ops LLC acquired a new position in Dynex Capital in the second quarter valued at about $128,000. Hilton Capital Management LLC acquired a new position in Dynex Capital in the third quarter valued at about $142,000. Finally, Creative Planning acquired a new position in Dynex Capital in the third quarter valued at about $175,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Up 0.3 %

DX stock opened at $12.73 on Wednesday. The business has a 50-day moving average of $12.42 and a 200-day moving average of $12.30. Dynex Capital, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $13.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $1.01 billion, a P/E ratio of 10.10 and a beta of 1.31.

Dynex Capital (NYSE:DX) last posted 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 during the quarter, compared to the consensus estimate 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 in the prior year, the business earned ($0.28) earnings per share. On average, sell-side 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 was paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd were paid a dividend of $0.15 per share. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a dividend yield of 14.15%. The ex-dividend date was Friday, November 22nd. Dynex Capital’s payout ratio is currently 142.86%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Dynex Capital has a consensus rating of “Moderate Buy” and a consensus price target 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.