Charles Schwab Investment Management Inc. Has $7.79 Million Holdings in Dynex Capital, Inc. (NYSE:DX)

Charles Schwab Investment Management Inc. increased its stake in Dynex Capital, Inc. (NYSE:DX) by 20.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 610,120 shares of the real estate investment trust’s stock after purchasing an additional 101,948 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.77% of Dynex Capital worth $7,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DX. International Assets Investment Management LLC boosted its position in shares of Dynex Capital by 3.1% in the second quarter. International Assets Investment Management LLC now owns 32,458 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 972 shares during the period. Signaturefd LLC boosted its position in shares of Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,661 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Dynex Capital by 15.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,134 shares during the period. Kraft Davis & Associates LLC boosted its position in shares of Dynex Capital by 22.9% in the second quarter. Kraft Davis & Associates LLC now owns 17,865 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 3,325 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Dynex Capital by 18.2% in the second quarter. The Manufacturers Life Insurance Company now owns 23,859 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 3,681 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Up 0.3 %

Shares of NYSE DX opened at $12.73 on Wednesday. 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 company has a market cap of $1.01 billion, a price-to-earnings ratio of 10.10 and a beta of 1.31. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $13.13. The stock has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $12.30.

Dynex Capital (NYSE:DX) last issued 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). The business had revenue of $83.46 million for the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same period in the previous year, the firm posted ($0.28) EPS. As a group, analysts forecast that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

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

Analyst Ratings Changes

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

About Dynex Capital

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.