Creative Planning Acquires Shares of 13,752 Dynex Capital, Inc. (NYSE:DX)

Creative Planning bought a new position in shares of Dynex Capital, Inc. (NYSE:DX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,752 shares of the real estate investment trust’s stock, valued at approximately $175,000.

A number of other large investors also recently bought and sold shares of DX. SG Americas Securities LLC lifted its holdings in shares of Dynex Capital by 116.9% in the 3rd quarter. SG Americas Securities LLC now owns 25,576 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 13,786 shares during the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of Dynex Capital by 55.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,275 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 5,772 shares during the last quarter. PVG Asset Management Corp bought a new stake in shares of Dynex Capital in the 2nd quarter worth approximately $913,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Dynex Capital by 18.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,859 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 3,681 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of 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 purchasing an additional 986,471 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DX shares. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.35.

Dynex Capital Price Performance

DX opened at $12.52 on Tuesday. The stock has a market cap of $992.89 million, a price-to-earnings ratio of 9.94 and a beta of 1.32. Dynex Capital, Inc. has a 1 year low of $10.61 and a 1 year high of $13.13. 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 fifty day moving average price of $12.48 and a 200 day moving average price of $12.26.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. The firm had revenue of $83.46 million for the quarter, compared to analyst estimates of $4.92 million. During the same period in the previous year, the business posted ($0.28) EPS. Analysts forecast that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid a $0.15 dividend. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a dividend yield of 14.38%. The ex-dividend date is Friday, November 22nd. Dynex Capital’s dividend payout ratio is currently 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.