Victory Capital Management Inc. Raises Stock Position in Dynex Capital, Inc. (NYSE:DX)

Victory Capital Management Inc. lifted its holdings in Dynex Capital, Inc. (NYSE:DX) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,624,319 shares of the real estate investment trust’s stock after buying an additional 43,862 shares during the period. Victory Capital Management Inc.’s holdings in Dynex Capital were worth $20,336,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DX. Van ECK Associates Corp boosted its stake in Dynex Capital by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 404,037 shares of the real estate investment trust’s stock worth $5,059,000 after buying an additional 24,210 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Dynex Capital by 15.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 223,239 shares of the real estate investment trust’s stock valued at $2,795,000 after buying an additional 30,164 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Dynex Capital by 44.8% in the fourth quarter. New York State Common Retirement Fund now owns 25,635 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 7,928 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dynex Capital by 27.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,613 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 3,968 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Dynex Capital by 15.1% during the 4th quarter. International Assets Investment Management LLC now owns 31,911 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 4,186 shares during the period. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DX has been the topic of several recent analyst reports. Jonestrading reaffirmed a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a research note on Monday, April 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, April 18th. Keefe, Bruyette & Woods dropped their price objective on Dynex Capital from $13.50 to $12.25 and set an “outperform” rating on the stock in a research note on Tuesday, April 23rd. Finally, Compass Point assumed coverage on Dynex Capital in a report on Friday, April 12th. They set a “buy” rating and a $14.50 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.31.

Dynex Capital Price Performance

NYSE DX opened at $12.32 on Friday. The company has a market cap of $790.46 million, a PE ratio of 10.53 and a beta of 1.33. The firm’s 50 day moving average price is $12.12 and its 200-day moving average price is $11.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. Dynex Capital, Inc. has a 52-week low of $9.57 and a 52-week high of $13.56.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.66%. Dynex Capital’s dividend payout ratio is presently 133.33%.

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.