Victory Capital Management Inc. Buys 43,862 Shares of Dynex Capital, Inc. (NYSE:DX)

Victory Capital Management Inc. raised its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,624,319 shares of the real estate investment trust’s stock after purchasing an additional 43,862 shares during the quarter. Victory Capital Management Inc. owned 2.87% of Dynex Capital worth $20,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of Dynex Capital by 1,341.0% during the 4th quarter. International Assets Investment Management LLC now owns 399,520 shares of the real estate investment trust’s stock worth $5,002,000 after acquiring an additional 371,795 shares during the last quarter. Barclays PLC lifted its stake in Dynex Capital by 334.3% during the third quarter. Barclays PLC now owns 88,941 shares of the real estate investment trust’s stock worth $1,061,000 after purchasing an additional 68,464 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dynex Capital by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust’s stock worth $34,849,000 after purchasing an additional 34,429 shares in the last quarter. Swiss National Bank increased its position in shares of Dynex Capital by 1.5% during the 3rd quarter. Swiss National Bank now owns 118,933 shares of the real estate investment trust’s stock valued at $1,420,000 after purchasing an additional 1,700 shares during the last quarter. Finally, CenterBook Partners LP raised its holdings in shares of Dynex Capital by 68.7% during the 3rd quarter. CenterBook Partners LP now owns 107,909 shares of the real estate investment trust’s stock valued at $1,288,000 after buying an additional 43,953 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DX shares. Jonestrading reaffirmed a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research note on Monday, April 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Dynex Capital from $13.50 to $12.25 and set an “outperform” rating for the company in a research note on Tuesday, April 23rd. Compass Point initiated coverage on shares of Dynex Capital in a research report on Friday, April 12th. They issued a “buy” rating and a $14.50 target price on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.31.

Dynex Capital Stock Up 1.1 %

Shares of Dynex Capital stock opened at $12.32 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. Dynex Capital, Inc. has a 52-week low of $9.57 and a 52-week high of $13.56. The company’s 50 day moving average price is $12.12 and its 200-day moving average price is $11.98. The stock has a market capitalization of $790.46 million, a price-to-earnings ratio of 10.53 and a beta of 1.33.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.66%. Dynex Capital’s dividend payout ratio is currently 133.33%.

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.