1 week Ago By Defense World Staff
Legal & General Group Plc increased its position in shares of Dynex Capital, Inc. ( NYSE:DX – Free Report ) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 82,458 shares of the real estate investment trust’s stock after purchasing an additional 7,740 shares during the period. Legal & General Group Plc owned 0.10% of Dynex Capital worth $1,043,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Westend Capital Management LLC lifted its position in shares of Dynex Capital by 37.0% during the 4th quarter.
Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 919 shares during the last quarter. Founders Financial Alliance LLC lifted its position in Dynex Capital by 4.7% in the fourth quarter.
Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 950 shares during the last quarter. Cambridge Advisors Inc. boosted its stake in Dynex Capital by 7.
6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 1,300 shares in the last quarter.
PDS Planning Inc grew its holdings in shares of Dynex Capital by 10.8% during the fourth quarter. PDS Planning Inc now owns 15,822 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 1,536 shares during the last quarter.
Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Dynex Capital by 87.5% in the 4th quarter.
PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 38.
34% of the company’s stock. Analyst Upgrades and Downgrades A number of research analysts recently issued reports on DX shares. Jones Trading dropped their price target on Dynex Capital from $13.
25 to $12.50 and set a “buy” rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods cut their target price on shares of Dynex Capital from $13.
25 to $12.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd.
Finally, StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company.
According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.83.
Dynex Capital Price Performance DX stock opened at $12.24 on Monday. The company has a market cap of $1.
18 billion, a price-to-earnings ratio of 8.33 and a beta of 1.14.
The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.
01. The firm has a 50 day moving average of $13.06 and a 200-day moving average of $12.
79. Dynex Capital, Inc. has a 12-month low of $10.
79 and a 12-month high of $14.52. Dynex Capital ( NYSE:DX – Get Free Report ) last posted its earnings results on Monday, April 21st.
The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.
06. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.
65%. The company had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.
41 million. As a group, equities analysts expect that Dynex Capital, Inc. will post 1.
94 EPS for the current fiscal year. Dynex Capital Dividend Announcement The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.
17 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.
04 annualized dividend and a yield of 16.67%. Dynex Capital’s dividend payout ratio (DPR) is currently 264.
94%. Dynex Capital Company Profile ( Free Report ) 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. See Also Five stocks we like better than Dynex Capital 3 Healthcare Dividend Stocks to Buy Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery Insider Trading – What You Need to Know O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors Investing In Automotive Stocks Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Want to see what other hedge funds are holding DX? Visit HoldingsChannel.
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