Penserra Capital Management LLC Purchases 14,880 Shares of Dynex Capital, Inc. (NYSE:DX)

Penserra Capital Management LLC raised its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 22.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,081 shares of the real estate investment trust’s stock after acquiring an additional 14,880 shares during the period. Penserra Capital Management LLC owned about 0.10% of Dynex Capital worth $1,021,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Dynex Capital by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust’s stock valued at $37,881,000 after acquiring an additional 41,586 shares during the last quarter. Millennium Management LLC increased its stake in Dynex Capital by 62.1% in the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after purchasing an additional 986,471 shares during the period. Victory Capital Management Inc. lifted its position in Dynex Capital by 7.0% in 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 purchasing an additional 136,776 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Dynex Capital by 0.8% during the third quarter. Van ECK Associates Corp now owns 724,876 shares of the real estate investment trust’s stock valued at $9,126,000 after purchasing an additional 5,725 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Dynex Capital by 20.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 610,120 shares of the real estate investment trust’s stock worth $7,785,000 after purchasing an additional 101,948 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Trading Down 0.6 %

NYSE:DX opened at $12.42 on Wednesday. The company has a 50-day moving average price of $12.45 and a 200-day moving average price of $12.30. The stock has a market cap of $984.91 million, a price-to-earnings ratio of 9.86 and a beta of 1.32. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 12 month low of $11.11 and a 12 month high of $13.13.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS 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 company had revenue of $83.46 million during the quarter, compared to analysts’ expectations of $4.92 million. During the same quarter last year, the business earned ($0.28) earnings per share. Equities analysts predict that Dynex Capital, Inc. will post 1.03 EPS for the current year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a dividend yield of 14.49%. Dynex Capital’s payout ratio is currently 142.86%.

Analyst Ratings Changes

A number of equities research analysts recently commented on DX shares. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. 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 a consensus rating of “Hold” and a consensus price target 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.