Dynex Capital, Inc. (NYSE:DX) Stock Position Lifted by Curi RMB Capital LLC

Curi RMB Capital LLC grew its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 21.6% during the third quarter, Holdings Channel.com reports. The firm owned 47,330 shares of the real estate investment trust’s stock after buying an additional 8,400 shares during the quarter. Curi RMB Capital LLC’s holdings in Dynex Capital were worth $604,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its stake in Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Dynex Capital during the second quarter valued at about $81,000. ProShare Advisors LLC acquired a new position in Dynex Capital during the first quarter worth about $126,000. Squarepoint Ops LLC acquired a new position in Dynex Capital during the second quarter worth about $128,000. Finally, Creative Planning bought a new stake in Dynex Capital in the third quarter worth about $175,000. 38.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.35.

Dynex Capital Stock Performance

Shares of DX opened at $12.42 on Friday. The company has a 50-day moving average of $12.47 and a two-hundred day moving average of $12.28. The stock has a market cap of $984.96 million, a price-to-earnings ratio of 9.85 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital, Inc. has a one year low of $11.11 and a one year high of $13.13.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. During the same period in the prior year, the business posted ($0.28) EPS. On average, equities research analysts expect that Dynex Capital, Inc. will post 1.03 earnings per share for the current year.

Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.49%. Dynex Capital’s payout ratio is currently 142.86%.

Dynex Capital 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.