Zacks Investment Management Purchases New Holdings in Dynex Capital, Inc. (NYSE:DX)

Zacks Investment Management bought a new position in Dynex Capital, Inc. (NYSE:DX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 337,984 shares of the real estate investment trust's stock, valued at approximately $4,275,000. Zacks Investment Management owned approximately 0.43% of Dynex Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in DX. Sterling Capital Management LLC grew its stake in shares of Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 2,223 shares during the period. Westend Capital Management LLC increased its position in shares of Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 919 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Dynex Capital in the fourth quarter valued at approximately $43,000. PNC Financial Services Group Inc. increased its holdings in shares of Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,700 shares during the period. Finally, US Bancorp DE raised its stake in Dynex Capital by 567.1% in the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 3,227 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Trading Up 1.1 %

Shares of DX traded up $0.13 during mid-day trading on Wednesday, hitting $11.77. 2,546,172 shares of the company's stock traded hands, compared to its average volume of 2,253,259. The business's 50-day moving average price is $13.16 and its 200-day moving average price is $12.79. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52. The firm has a market capitalization of $1.13 billion, a P/E ratio of 8.01 and a beta of 1.14. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The firm had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. As a group, sell-side analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 17.33%. The ex-dividend date is Wednesday, April 23rd. Dynex Capital's dividend payout ratio is currently 138.78%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Jones Trading dropped their target price on Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research report on Monday. Keefe, Bruyette & Woods cut 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 note on Tuesday, April 8th. StockNews.com upgraded shares of Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.