Walleye Capital LLC Makes New $155,000 Investment in Dynex Capital, Inc. (NYSE:DX)

Walleye Capital LLC bought a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,134 shares of the real estate investment trust’s stock, valued at approximately $155,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in shares of Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Dynex Capital in the 2nd quarter valued at approximately $81,000. Squarepoint Ops LLC acquired a new position in shares of Dynex Capital in the 2nd quarter valued at approximately $128,000. Hilton Capital Management LLC acquired a new position in shares of Dynex Capital in the 3rd quarter valued at approximately $142,000. Finally, Creative Planning acquired a new position in shares of Dynex Capital in the 3rd quarter valued at approximately $175,000. Institutional investors own 38.34% of the company’s stock.

Analysts Set New Price Targets

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

Dynex Capital Trading Down 0.1 %

NYSE DX opened at $12.71 on Thursday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.09 and a beta of 1.31. The stock’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $12.31. 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 52 week low of $11.36 and a 52 week high of $13.13.

Dynex Capital (NYSE:DX) last released its 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 net margin of 28.83% and a negative return on equity of 4.80%. The firm had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. During the same quarter in the previous year, the firm posted ($0.28) EPS. As a group, analysts anticipate that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.16%. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. Dynex Capital’s dividend payout ratio is currently 142.86%.

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.