Dynex Capital, Inc. (NYSE:DX) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in Dynex Capital, Inc. (NYSE:DX) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 25,809 shares of the real estate investment trust’s stock after acquiring an additional 1,950 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dynex Capital were worth $329,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC increased its holdings in shares of Dynex Capital by 22.8% during the 3rd quarter. Penserra Capital Management LLC now owns 80,081 shares of the real estate investment trust’s stock worth $1,021,000 after buying an additional 14,880 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $7,785,000 after purchasing an additional 101,948 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Dynex Capital in the 3rd quarter valued at $211,000. Hilton Capital Management LLC acquired a new stake in Dynex Capital in the 3rd quarter valued at $142,000. Finally, Quest Partners LLC acquired a new stake in Dynex Capital in the 3rd quarter valued at $2,527,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has issued 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 target price of $13.56.

Dynex Capital Stock Performance

Shares of DX stock opened at $12.67 on Monday. The business has a 50 day moving average of $12.45 and a two-hundred day moving average of $12.32. The company has a market cap of $1.00 billion, a P/E ratio of 10.06 and a beta of 1.31. 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, Inc. has a 52 week low of $11.36 and a 52 week high of $13.13.

Dynex Capital (NYSE:DX) last announced its 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). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The firm had revenue of $83.46 million for the quarter, compared to the consensus estimate of $4.92 million. During the same period in the previous year, the firm earned ($0.28) EPS. As a group, analysts anticipate that Dynex Capital, Inc. will post 1.03 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.80 annualized dividend and a yield of 14.21%. Dynex Capital’s payout ratio is 142.86%.

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.