PVG Asset Management Corp Makes New $913,000 Investment in Dynex Capital, Inc. (NYSE:DX)

PVG Asset Management Corp acquired a new stake in Dynex Capital, Inc. (NYSE:DX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 76,473 shares of the real estate investment trust’s stock, valued at approximately $913,000. Dynex Capital accounts for about 3.6% of PVG Asset Management Corp’s investment portfolio, making the stock its 9th biggest holding. PVG Asset Management Corp owned 0.10% of Dynex Capital at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Westend Capital Management LLC purchased a new stake in shares of Dynex Capital during the first quarter worth approximately $35,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dynex Capital in the 2nd quarter valued at approximately $81,000. Valley Brook Capital Group Inc. acquired a new stake in shares of Dynex Capital in the 1st quarter valued at $103,000. ProShare Advisors LLC purchased a new stake in shares of Dynex Capital during the 1st quarter worth $126,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Dynex Capital during the 2nd quarter worth $128,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Stock Up 0.9 %

Dynex Capital stock opened at $12.77 on Tuesday. The stock has a 50-day simple moving average of $12.41 and a 200-day simple moving average of $12.19. The company has a market capitalization of $819.62 million, a P/E ratio of 10.91 and a beta of 1.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital, Inc. has a fifty-two week low of $9.57 and a fifty-two week high of $13.13.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The firm had revenue of $76.05 million during the quarter. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. During the same period in the prior year, the company posted ($0.27) EPS. Equities research analysts expect that Dynex Capital, Inc. will post 1 earnings per share for the current year.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.22%. The ex-dividend date of this dividend is Monday, September 23rd. Dynex Capital’s payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DX. Janney Montgomery Scott initiated coverage on Dynex Capital in a research note on Thursday, June 6th. They issued a “buy” rating and a $13.50 price target on the stock. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. Finally, StockNews.com cut Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.35.

Dynex Capital 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.