198,054 Shares in Dynex Capital, Inc. (NYSE:DX) Acquired by Quest Partners LLC

Quest Partners LLC bought a new stake in Dynex Capital, Inc. (NYSE:DX) during the third quarter, Holdings Channel.com reports. The firm bought 198,054 shares of the real estate investment trust’s stock, valued at approximately $2,527,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PVG Asset Management Corp acquired a new stake in shares of Dynex Capital during the 2nd quarter worth about $913,000. International Assets Investment Management LLC boosted its stake in Dynex Capital by 1,152.5% during the third quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock worth $5,187,000 after buying an additional 374,074 shares during the period. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Dynex Capital in the 2nd quarter valued at approximately $735,000. Wolverine Asset Management LLC raised its stake in shares of Dynex Capital by 933.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust’s stock valued at $2,875,000 after acquiring an additional 203,494 shares during the period. Finally, Clayton Partners LLC purchased a new stake in shares of Dynex Capital in the 2nd quarter valued at approximately $1,313,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Analysts Set New Price Targets

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

Dynex Capital Price Performance

Shares of DX opened at $12.42 on Monday. Dynex Capital, Inc. has a fifty-two week low of $11.11 and a fifty-two week high of $13.13. The firm’s 50 day moving average price is $12.47 and its 200 day moving average price is $12.28. The company has a market cap of $984.91 million, a P/E ratio of 9.86 and a beta of 1.32. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $83.46 million for the quarter, compared to analysts’ expectations of $4.92 million. During the same period in the previous year, the company earned ($0.28) earnings per share. On average, research analysts forecast that Dynex Capital, Inc. will post 1.03 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 Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a yield of 14.49%. The ex-dividend date of this dividend is Friday, November 22nd. Dynex Capital’s dividend payout ratio is presently 123.81%.

Dynex Capital Company 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.