Almitas Capital LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 159,392 shares of the real estate investment trust's stock, valued at approximately $2,016,000. Almitas Capital LLC owned approximately 0.20% of Dynex Capital at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 2,223 shares during the last quarter. Westend Capital Management LLC boosted its position in Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 919 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Dynex Capital in the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. raised its holdings in Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,700 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 3,227 shares during the period. Hedge funds and other institutional investors own 38.34% of the company's stock.
Dynex Capital Stock Up 0.8 %
Dynex Capital stock traded up $0.10 during midday trading on Wednesday, hitting $12.22. 1,099,065 shares of the stock were exchanged, compared to its average volume of 2,318,041. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52. The firm has a market cap of $1.29 billion, a P/E ratio of 8.31 and a beta of 0.92. 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 company has a 50 day moving average price of $12.82 and a two-hundred day moving average price of $12.78.
Dynex Capital (NYSE:DX - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $17.13 million during the quarter, compared to analysts' expectations of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, sell-side analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.
Dynex Capital Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 16.70%. The ex-dividend date was Wednesday, April 23rd. Dynex Capital's dividend payout ratio is currently 264.94%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. StockNews.com downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Jones Trading cut their price target on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dynex Capital presently has an average rating of "Hold" and an average price target of $12.83.
View Our Latest Research Report on Dynex Capital
Dynex Capital Profile
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Free Report)
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.
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