Fmr LLC Has $17.25 Million Stock Position in Dynex Capital, Inc. (NYSE:DX)

Fmr LLC boosted its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 6.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,351,914 shares of the real estate investment trust’s stock after acquiring an additional 83,919 shares during the quarter. Fmr LLC owned 1.70% of Dynex Capital worth $17,250,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC increased its position in Dynex Capital by 62.1% in the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after buying an additional 986,471 shares during the period. Victory Capital Management Inc. increased its position in Dynex Capital by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock worth $26,704,000 after buying an additional 136,776 shares during the period. Van ECK Associates Corp increased its position in Dynex Capital by 0.8% in the 3rd quarter. Van ECK Associates Corp now owns 724,876 shares of the real estate investment trust’s stock worth $9,126,000 after buying an additional 5,725 shares during the period. Charles Schwab Investment Management Inc. increased its position in Dynex Capital by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,120 shares of the real estate investment trust’s stock worth $7,785,000 after buying an additional 101,948 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Dynex Capital by 15.8% in the 2nd quarter. Peregrine Capital Management LLC now owns 552,260 shares of the real estate investment trust’s stock worth $6,594,000 after buying an additional 75,553 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Shares of NYSE:DX opened at $12.73 on Wednesday. Dynex Capital, Inc. has a 1-year low of $11.36 and a 1-year high of $13.13. The firm has a market capitalization of $1.01 billion, a PE ratio of 10.10 and a beta of 1.31. The business’s 50 day moving average is $12.42 and its 200-day moving average is $12.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.39). The company had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same period in the prior year, the firm earned ($0.28) EPS. Sell-side analysts predict that Dynex Capital, Inc. will post 1.03 earnings per share for the current year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 22nd were paid a $0.15 dividend. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date was Friday, November 22nd. This represents a $1.80 annualized dividend and a yield of 14.15%. Dynex Capital’s payout ratio is currently 142.86%.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.56.

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.