Barclays PLC Increases Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Barclays PLC raised its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 264,439 shares of the real estate investment trust's stock after acquiring an additional 45,586 shares during the period. Barclays PLC owned approximately 0.33% of Dynex Capital worth $3,344,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock worth $54,615,000 after purchasing an additional 260,798 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dynex Capital by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock worth $23,256,000 after buying an additional 136,280 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Dynex Capital by 9.4% in the 4th quarter. Invesco Ltd. now owns 1,270,019 shares of the real estate investment trust's stock valued at $16,066,000 after buying an additional 108,747 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Dynex Capital by 20.4% in the 4th quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust's stock valued at $11,045,000 after buying an additional 148,235 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dynex Capital by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock valued at $8,249,000 after buying an additional 42,012 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on DX. StockNews.com downgraded Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Jones Trading decreased their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.83.

Dynex Capital Price Performance

Shares of DX stock traded up $0.06 during mid-day trading on Friday, reaching $12.25. The stock had a trading volume of 1,290,196 shares, compared to its average volume of 2,302,553. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $12.93 and a 200 day simple moving average of $12.79. The company has a market cap of $1.18 billion, a P/E ratio of 8.33 and a beta of 1.14.

Dynex Capital (NYSE:DX - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The firm had revenue of $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. On average, sell-side analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 16.66%. The ex-dividend date was Wednesday, April 23rd. Dynex Capital's dividend payout ratio (DPR) is presently 264.94%.

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.