Westend Capital Management LLC Buys 919 Shares of Dynex Capital, Inc. (NYSE:DX)

Westend Capital Management LLC increased its position in Dynex Capital, Inc. (NYSE:DX) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,406 shares of the real estate investment trust’s stock after buying an additional 919 shares during the quarter. Westend Capital Management LLC’s holdings in Dynex Capital were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Dynex Capital by 68.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust’s stock valued at $1,340,000 after acquiring an additional 42,755 shares in the last quarter. Barclays PLC boosted its position in Dynex Capital by 833.2% during the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after acquiring an additional 195,400 shares in the last quarter. State Street Corp raised its position in shares of Dynex Capital by 2.9% in the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock worth $19,977,000 after acquiring an additional 44,302 shares in the last quarter. PVG Asset Management Corp purchased a new position in shares of Dynex Capital in the 2nd quarter valued at approximately $913,000. Finally, Geode Capital Management LLC boosted its position in shares of Dynex Capital by 17.5% during the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after purchasing an additional 253,660 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of DX opened at $12.75 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s 50-day simple moving average is $12.52 and its two-hundred day simple moving average is $12.42. Dynex Capital, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $13.13. The stock has a market cap of $1.01 billion, a PE ratio of 10.12 and a beta of 1.30.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share 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 analysts’ expectations of $4.92 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. Analysts anticipate that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.12%. Dynex Capital’s dividend payout ratio is presently 142.86%.

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.