Sei Investments Co. Has $3.30 Million Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Sei Investments Co. raised its position in Dynex Capital, Inc. (NYSE:DX) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,046 shares of the real estate investment trust’s stock after acquiring an additional 3,887 shares during the period. Sei Investments Co. owned about 0.33% of Dynex Capital worth $3,302,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after buying an additional 253,660 shares during the period. Barclays PLC boosted its position in Dynex Capital by 833.2% in the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 195,400 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dynex Capital by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust’s stock worth $4,978,000 after buying an additional 190,626 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Dynex Capital by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust’s stock worth $11,045,000 after buying an additional 148,235 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Dynex Capital in the fourth quarter valued at approximately $1,510,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

DX opened at $12.71 on Friday. Dynex Capital, Inc. has a 1 year low of $11.36 and a 1 year high of $14.52. The company has a market capitalization of $1.15 billion, a PE ratio of 8.64 and a beta of 1.35. The business has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $12.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Research analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 24th. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a dividend yield of 16.06%. Dynex Capital’s payout ratio is 138.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DX. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.56.

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.