Victory Capital Management Inc. Acquires 136,776 Shares of Dynex Capital, Inc. (NYSE:DX)

Victory Capital Management Inc. boosted its holdings in Dynex Capital, Inc. (NYSE:DX) by 7.0% during the third quarter, HoldingsChannel.com reports. The fund owned 2,092,808 shares of the real estate investment trust’s stock after purchasing an additional 136,776 shares during the period. Victory Capital Management Inc.’s holdings in Dynex Capital were worth $26,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC raised its stake in Dynex Capital by 305.9% during the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,661 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Dynex Capital during the 2nd quarter worth about $81,000. ProShare Advisors LLC bought a new position in Dynex Capital during the 1st quarter valued at about $126,000. Squarepoint Ops LLC acquired a new position in Dynex Capital in the second quarter valued at about $128,000. Finally, Creative Planning bought a new stake in Dynex Capital during the third quarter worth about $175,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

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

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The firm had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same quarter in the previous year, the business posted ($0.28) earnings per share. Sell-side analysts anticipate that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be given a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.49%. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently 123.81%.

Wall Street Analyst Weigh In

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

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.