VSM Wealth Advisory LLC Invests $301,000 in Dynex Capital, Inc. (NYSE:DX)

VSM Wealth Advisory LLC purchased a new position in shares of Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, Holdings Channel reports. The firm purchased 23,816 shares of the real estate investment trust’s stock, valued at approximately $301,000.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dynex Capital by 68.6% during the 3rd 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 worth $1,340,000 after acquiring an additional 42,755 shares in the last quarter. Barclays PLC grew its stake in shares of Dynex Capital by 833.2% in the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 195,400 shares in the last quarter. State Street Corp grew its stake in shares of Dynex Capital by 2.9% in the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock valued at $19,977,000 after buying an additional 44,302 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dynex Capital by 17.5% in 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 buying an additional 253,660 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Dynex Capital by 147.5% in the third quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust’s stock valued at $517,000 after buying an additional 24,139 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DX. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.56.

Dynex Capital Trading Up 0.5 %

Shares of Dynex Capital stock opened at $14.42 on Wednesday. The business has a fifty day simple moving average of $13.40 and a two-hundred day simple moving average of $12.82. Dynex Capital, Inc. has a 1 year low of $11.36 and a 1 year high of $14.52. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.81 and a beta of 1.35. 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 (NYSE:DX) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. Research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.17 per share. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 14.15%. Dynex Capital’s dividend payout ratio (DPR) is currently 138.78%.

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.