Dynex Capital, Inc. (NYSE:DX) Stake Lifted by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,285 shares of the real estate investment trust’s stock after buying an additional 1,715 shares during the quarter. Rhumbline Advisers owned about 0.11% of Dynex Capital worth $1,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DX. Sterling Capital Management LLC grew its stake in shares of Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,223 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Dynex Capital during the fourth quarter valued at about $43,000. PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 87.5% during 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 buying an additional 1,700 shares in the last quarter. US Bancorp DE boosted its stake in Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 3,227 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Dynex Capital by 452.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 5,901 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DX shares. Keefe, Bruyette & Woods decreased their target price on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Jones Trading decreased their target price on Dynex Capital from $13.25 to $12.50 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen downgraded Dynex Capital from a “hold” rating to a “sell” rating in a report on Thursday, April 24th.

Dynex Capital Stock Up 1.2%

Shares of NYSE DX opened at $12.22 on Thursday. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 15.87 and a beta of 0.93. The business has a fifty day simple moving average of $12.11 and a 200-day simple moving average of $12.74.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. Dynex Capital had a return on equity of 1.59% and a net margin of 20.61%. The business had revenue of $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. As a group, sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.04 annualized dividend and a yield of 16.70%. Dynex Capital’s dividend payout ratio (DPR) is presently 264.94%.

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.