Dynex Capital, Inc. $DX Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Dynex Capital by 4.6%, owning approximately 682,364 shares valued at $8.88 million as of the end of the most recent quarter.
• Various institutional investors have also increased their holdings in Dynex Capital, with notable increases of 122.8% from Allspring Global Investments and 60.1% from TrueMark Investments in the first quarter.
• Dynex Capital recently announced a dividend payment of $0.17, with an exceptionally high dividend yield of 1,650.0%, despite a payout ratio of 261.54%.

Charles Schwab Investment Management Inc. raised its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 682,364 shares of the real estate investment trust's stock after purchasing an additional 30,232 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of Dynex Capital worth $8,884,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DX. Amalgamated Bank lifted its position in shares of Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 973 shares in the last quarter. CWM LLC lifted its position in shares of Dynex Capital by 271.9% in the first quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 2,306 shares in the last quarter. US Bancorp DE lifted its position in shares of Dynex Capital by 35.2% in the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 1,338 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Dynex Capital by 452.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust's stock worth $91,000 after buying an additional 5,901 shares in the last quarter. Finally, Westbourne Investments Inc. purchased a new position in Dynex Capital during the fourth quarter worth approximately $133,000. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Shares of DX traded up $0.13 on Friday, reaching $12.62. The stock had a trading volume of 4,441,497 shares, compared to its average volume of 3,569,105. The firm has a market capitalization of $1.64 billion, a PE ratio of 16.18 and a beta of 0.93. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $12.51 and a 200 day moving average of $12.65. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). The company had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.20 million. Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. Sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a aug 25 dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.17 per share. This represents a dividend yield of 1,650.0%. The ex-dividend date of this dividend is Friday, August 22nd. Dynex Capital's dividend payout ratio is currently 261.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Jones Trading lifted their price objective on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, UBS Group lifted their price objective on Dynex Capital from $11.00 to $12.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Dynex Capital currently has an average rating of "Moderate Buy" and an average price target of $12.83.

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.