Invesco Ltd. raised its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,344,333 shares of the real estate investment trust's stock after acquiring an additional 74,314 shares during the quarter. Invesco Ltd. owned about 1.25% of Dynex Capital worth $17,503,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,223 shares during the last quarter. Amalgamated Bank boosted its stake in 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 during the last quarter. CWM LLC boosted its stake in 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 during the last quarter. US Bancorp DE boosted its stake in 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 during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Dynex Capital by 452.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 5,901 shares during the last quarter. 38.34% of the stock is owned by institutional investors.
Dynex Capital Price Performance
Shares of Dynex Capital stock traded down $0.04 on Wednesday, reaching $12.50. 1,850,107 shares of the stock were exchanged, compared to its average volume of 3,719,974. The firm's 50 day moving average is $12.50 and its 200-day moving average is $12.67. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $1.62 billion, a PE ratio of 16.02 and a beta of 0.91.
Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%.The firm had revenue of $23.13 million for the quarter, compared to the consensus estimate of $21.20 million. As a group, analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.
Dynex Capital Dividend Announcement
The firm also recently declared a aug 25 dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 1,650.0%. Dynex Capital's dividend payout ratio (DPR) is presently 261.54%.
Wall Street Analysts Forecast Growth
DX has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of Dynex Capital from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Jones Trading lifted their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.83.
Read Our Latest Report on DX
About Dynex Capital
(
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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