Freestone Grove Partners LP Acquires New Holdings in Dynex Capital, Inc. (NYSE:DX)

Freestone Grove Partners LP acquired a new position in Dynex Capital, Inc. (NYSE:DX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,328 shares of the real estate investment trust's stock, valued at approximately $738,000. Freestone Grove Partners LP owned about 0.07% of Dynex Capital at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Schonfeld Strategic Advisors LLC increased its holdings in Dynex Capital by 174.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 110,300 shares of the real estate investment trust's stock valued at $1,395,000 after buying an additional 70,100 shares during the period. Northern Trust Corp raised its position in Dynex Capital by 15.7% in the fourth quarter. Northern Trust Corp now owns 724,865 shares of the real estate investment trust's stock worth $9,170,000 after purchasing an additional 98,537 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Dynex Capital by 24.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,572 shares of the real estate investment trust's stock worth $387,000 after purchasing an additional 6,015 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 valued at $91,000 after purchasing an additional 5,901 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Dynex Capital by 6.9% in the 4th quarter. MetLife Investment Management LLC now owns 45,262 shares of the real estate investment trust's stock valued at $573,000 after purchasing an additional 2,905 shares during the period. Institutional investors own 38.34% of the company's stock.

Dynex Capital Trading Up 0.2 %

Dynex Capital stock traded up $0.03 during mid-day trading on Friday, hitting $12.45. The stock had a trading volume of 1,871,281 shares, compared to its average volume of 2,334,269. The stock has a 50-day simple moving average of $12.76 and a two-hundred day simple moving average of $12.78. 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 stock has a market capitalization of $1.31 billion, a PE ratio of 8.47 and a beta of 0.92. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, topping 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 company had revenue of $17.13 million during the quarter, compared to analysts' expectations of $11.41 million. As a group, sell-side analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd were given a $0.17 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $2.04 annualized dividend and a dividend yield of 16.39%. Dynex Capital's dividend payout ratio is currently 264.94%.

Analyst Upgrades and Downgrades

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