Virtu Financial LLC Makes New Investment in Dynex Capital, Inc. (NYSE:DX)

Virtu Financial LLC bought a new stake in Dynex Capital, Inc. (NYSE:DX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,499 shares of the real estate investment trust’s stock, valued at approximately $285,000.

Other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC purchased a new position in shares of Dynex Capital during the 3rd quarter worth $211,000. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $7,785,000 after buying an additional 101,948 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Dynex Capital by 8.2% during the third quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 1,950 shares during the period. FMR LLC increased its position in shares of Dynex Capital by 6.6% during the third quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust’s stock valued at $17,250,000 after acquiring an additional 83,919 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Dynex Capital by 147.5% during the third quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 24,139 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DX shares. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Dynex Capital has an average rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

Shares of DX opened at $13.27 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of 9.02 and a beta of 1.35. Dynex Capital, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $14.52. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average price is $13.59 and its 200 day moving average price is $12.88.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, research analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.04 dividend on an annualized basis and a yield of 15.38%. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio (DPR) is currently 138.78%.

About Dynex Capital

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.