Caxton Associates LP Purchases New Position in Dynex Capital, Inc. (NYSE:DX)

Caxton Associates LP purchased a new stake in Dynex Capital, Inc. (NYSE:DX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 31,738 shares of the real estate investment trust's stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DX. Charles Schwab Investment Management Inc. increased its stake in shares of Dynex Capital by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock worth $8,249,000 after acquiring an additional 42,012 shares during the period. Barclays PLC lifted its stake in shares of Dynex Capital by 833.2% during the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after buying an additional 195,400 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Dynex Capital during the fourth quarter valued at approximately $1,510,000. Vanguard Group Inc. lifted its stake in shares of 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 valued at $54,615,000 after buying an additional 260,798 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Dynex Capital during the fourth quarter worth approximately $173,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Performance

NYSE:DX traded down $0.03 during mid-day trading on Tuesday, hitting $12.50. The stock had a trading volume of 732,877 shares, compared to its average volume of 2,354,070. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 8.50 and a beta of 0.92. The company has a 50 day simple moving average of $12.70 and a 200-day simple moving average of $12.78. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week 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.

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 firm had revenue of $17.13 million for the quarter, compared to analysts' expectations of $11.41 million. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. On average, research analysts expect 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. Stockholders of record on Wednesday, April 23rd were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.32%. The ex-dividend date was Wednesday, April 23rd. Dynex Capital's payout ratio is 264.94%.

Analysts Set New Price Targets

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

About Dynex Capital

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.