Hilton Capital Management LLC Makes New Investment in Dynex Capital, Inc. (NYSE:DX)

Hilton Capital Management LLC purchased a new stake in shares of Dynex Capital, Inc. (NYSE:DX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,140 shares of the real estate investment trust’s stock, valued at approximately $142,000.

Several other hedge funds have also made changes to their positions in the company. Quest Partners LLC purchased a new position in Dynex Capital during the 3rd quarter worth approximately $2,527,000. Curi RMB Capital LLC grew its holdings in shares of Dynex Capital by 21.6% during the third quarter. Curi RMB Capital LLC now owns 47,330 shares of the real estate investment trust’s stock valued at $604,000 after buying an additional 8,400 shares in the last quarter. Victory Capital Management Inc. raised its position in Dynex Capital by 7.0% during the third quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock valued at $26,704,000 after buying an additional 136,776 shares during the period. Entropy Technologies LP purchased a new stake in Dynex Capital in the 3rd quarter worth about $470,000. Finally, Wolverine Asset Management LLC lifted its stake in 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 worth $2,875,000 after acquiring an additional 203,494 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Down 0.7 %

DX opened at $12.41 on Thursday. The company has a market capitalization of $984.11 million, a PE ratio of 9.85 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital, Inc. has a fifty-two week low of $11.11 and a fifty-two week high of $13.13. The business has a 50-day moving average of $12.47 and a 200-day moving average of $12.29.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data 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). The business had revenue of $83.46 million for 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 period in the previous year, the business posted ($0.28) EPS. Equities research analysts forecast that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.50%. The ex-dividend date is Friday, November 22nd. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. Dynex Capital’s payout ratio is presently 123.81%.

Analysts Set New Price Targets

Several research firms have weighed in on DX. JMP Securities reaffirmed 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 report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Dynex Capital has a consensus rating of “Hold” and a consensus target price of $13.35.

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.