Invesco Ltd. Has $16.07 Million Stock Position in Dynex Capital, Inc. (NYSE:DX)

Invesco Ltd. raised its stake in Dynex Capital, Inc. (NYSE:DX) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,270,019 shares of the real estate investment trust’s stock after purchasing an additional 108,747 shares during the period. Invesco Ltd. owned 1.60% of Dynex Capital worth $16,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westend Capital Management LLC grew its holdings in Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 919 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Dynex Capital in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. raised its position in shares of Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares during the period. US Bancorp DE raised its holdings in Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 3,227 shares during the period. Finally, Firethorn Wealth Partners LLC purchased a new stake in Dynex Capital during the 4th quarter worth about $148,000. 38.34% of the stock is owned by institutional investors.

Dynex Capital Trading Up 0.7 %

Shares of DX opened at $11.67 on Monday. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.94 and a beta of 1.14. The firm’s 50-day moving average price is $13.23 and its 200-day moving average price is $12.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last released its 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 net margin of 35.65% and a negative return on equity of 2.24%. Sell-side analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 17.48%. Dynex Capital’s dividend payout ratio (DPR) is currently 138.78%.

Analyst Ratings Changes

DX has been the subject of several research analyst reports. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reduced their target price on shares of Dynex Capital from $13.25 to $12.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

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.