Dynex Capital, Inc. $DX Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its holdings in Dynex Capital by 7.5% in the first quarter, owning approximately 4.41% of the company at the end of the quarter, valued at $60.5 million.
• Analysts have positive outlooks for Dynex Capital, with price targets raised by Jones Trading and UBS Group, projecting an average target price of $12.83 for the stock.
• Dynex Capital recently declared a dividend of $0.17 scheduled for payment on September 2nd, representing a notably high dividend yield of 1,650.0%.

Vanguard Group Inc. increased its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 7.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,643,291 shares of the real estate investment trust's stock after acquiring an additional 325,891 shares during the period. Vanguard Group Inc. owned about 4.41% of Dynex Capital worth $60,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Algebris UK Ltd bought a new position in Dynex Capital during the 1st quarter worth $6,511,000. Ameriprise Financial Inc. raised its position in Dynex Capital by 29.3% during the 4th quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust's stock worth $11,564,000 after purchasing an additional 207,413 shares during the last quarter. Almitas Capital LLC bought a new position in Dynex Capital during the 4th quarter worth $2,016,000. Jennison Associates LLC bought a new position in Dynex Capital during the 1st quarter worth $1,764,000. Finally, Navellier & Associates Inc. bought a new position in Dynex Capital during the 1st quarter worth $1,538,000. Institutional investors own 38.34% of the company's stock.

Dynex Capital Trading Up 1.0%

NYSE:DX traded up $0.13 on Friday, hitting $12.62. The stock had a trading volume of 4,441,497 shares, compared to its average volume of 3,577,889. The company has a fifty day moving average price of $12.51 and a two-hundred day moving average price of $12.66. 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 stock has a market cap of $1.64 billion, a price-to-earnings ratio of 16.18 and a beta of 0.91. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52.

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

Dynex Capital Announces Dividend

The firm also recently disclosed a aug 25 dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be given 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 (DPR) is presently 261.54%.

Wall Street Analyst Weigh In

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

Dynex Capital Company 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.