Charles Schwab Investment Management Inc. Increases Position in Dynex Capital, Inc. $DX

Charles Schwab Investment Management Inc. grew its stake in Dynex Capital, Inc. (NYSE:DX) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 682,364 shares of the real estate investment trust’s stock after acquiring an additional 30,232 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.65% of Dynex Capital worth $8,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Dynex Capital by 122.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 15,100 shares during the period. Amalgamated Bank increased its holdings in shares of Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 973 shares during the period. Northern Trust Corp boosted its stake in Dynex Capital by 15.7% in the fourth quarter. Northern Trust Corp now owns 724,865 shares of the real estate investment trust’s stock valued at $9,170,000 after acquiring an additional 98,537 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Dynex Capital by 29.3% in the fourth quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust’s stock valued at $11,564,000 after acquiring an additional 207,413 shares in the last quarter. Finally, TrueMark Investments LLC boosted its stake in Dynex Capital by 60.1% in the first quarter. TrueMark Investments LLC now owns 183,360 shares of the real estate investment trust’s stock valued at $2,387,000 after acquiring an additional 68,845 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Jones Trading raised their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, UBS Group raised their target price on shares of Dynex Capital from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.83.

Dynex Capital Price Performance

Shares of DX opened at $12.45 on Tuesday. The firm has a market capitalization of $1.62 billion, a PE ratio of 15.96 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. Dynex Capital, Inc. has a 1-year low of $10.79 and a 1-year high of $14.52. The company’s fifty day moving average price is $12.49 and its 200-day moving average price is $12.67.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). The company had revenue of $23.13 million for the quarter, compared to analysts’ expectations of $21.20 million. Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. On average, equities research analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be given a $0.17 dividend. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 1,650.0%. Dynex Capital’s dividend payout ratio is 261.54%.

Dynex Capital Company 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.