Cambridge Advisors Inc. Has $233,000 Position in Dynex Capital, Inc. (NYSE:DX)

Cambridge Advisors Inc. increased its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,400 shares of the real estate investment trust’s stock after acquiring an additional 1,300 shares during the period. Cambridge Advisors Inc.’s holdings in Dynex Capital were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Westend Capital Management LLC lifted its stake in shares of Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 919 shares during the period. Weaver Consulting Group acquired a new position in shares of Dynex Capital during the 4th quarter worth about $156,000. JPMorgan Chase & Co. raised its stake in shares of Dynex Capital by 95.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust’s stock worth $4,978,000 after purchasing an additional 190,626 shares in the last quarter. Geode Capital Management LLC increased its position in Dynex Capital by 17.5% during the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after buying an additional 253,660 shares during the last quarter. Finally, Barclays PLC raised its stake in Dynex Capital by 833.2% in the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after acquiring an additional 195,400 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Dynex Capital stock opened at $12.75 on Friday. 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 stock’s 50 day moving average is $12.52 and its 200-day moving average is $12.42. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $13.13. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.12 and a beta of 1.30.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.39). The company had revenue of $83.46 million for the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same period last year, the company posted ($0.28) earnings per share. Equities research analysts expect that Dynex Capital, Inc. will post 1.03 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 14.12%. The ex-dividend date of this dividend is Thursday, January 23rd. Dynex Capital’s dividend payout ratio is currently 142.86%.

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.