Price T Rowe Associates Inc. MD Has $387,000 Stake in Dynex Capital, Inc. (NYSE:DX)

Price T Rowe Associates Inc. MD increased its holdings in Dynex Capital, Inc. (NYSE:DX) by 24.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,572 shares of the real estate investment trust’s stock after buying an additional 6,015 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Dynex Capital were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC raised its position in Dynex Capital by 833.2% during the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after purchasing an additional 195,400 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 valued at $4,978,000 after purchasing an additional 190,626 shares in the last quarter. Westend Capital Management LLC raised its position 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 valued at $43,000 after purchasing an additional 919 shares in the last quarter. Cambridge Advisors Inc. raised its position in Dynex Capital by 7.6% during the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 1,300 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Dynex Capital by 35.5% during the fourth quarter. SG Americas Securities LLC now owns 34,668 shares of the real estate investment trust’s stock valued at $439,000 after purchasing an additional 9,092 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Down 0.1%

Shares of NYSE:DX opened at $12.54 on Thursday. The company has a fifty day moving average of $12.63 and a 200-day moving average of $12.78. The company has a market capitalization of $1.34 billion, a PE ratio of 8.53 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.52.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The company had revenue of $17.13 million for the quarter, compared to analysts’ expectations of $11.41 million. On average, equities analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.04 annualized dividend and a dividend yield of 16.27%. Dynex Capital’s dividend payout ratio is 264.94%.

Wall Street Analysts Forecast Growth

DX has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Jones Trading lowered their price target on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating for the company in a report on Monday, April 21st. StockNews.com downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.83.

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.