VSM Wealth Advisory LLC Purchases New Shares in Dynex Capital, Inc. (NYSE:DX)

VSM Wealth Advisory LLC purchased a new stake in Dynex Capital, Inc. (NYSE:DX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,816 shares of the real estate investment trust’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after purchasing an additional 253,660 shares during the last quarter. State Street Corp raised its holdings in Dynex Capital by 2.9% during 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 purchasing an additional 44,302 shares during the last quarter. FMR LLC raised its holdings in Dynex Capital by 6.6% during the 3rd quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust’s stock worth $17,250,000 after purchasing an additional 83,919 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Dynex Capital by 20.4% in the 4th quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust’s stock valued at $11,045,000 after acquiring an additional 148,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Dynex Capital by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust’s stock valued at $8,249,000 after acquiring an additional 42,012 shares during the period. 38.34% of the stock is owned by institutional investors.

Dynex Capital Price Performance

NYSE DX opened at $14.42 on Wednesday. The business has a 50 day simple moving average of $13.40 and a 200 day simple moving average of $12.82. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $14.52. 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 stock has a market cap of $1.30 billion, a price-to-earnings ratio of 9.81 and a beta of 1.35.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DX. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

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.