PDS Planning Inc Buys Shares of 14,286 Dynex Capital, Inc. (NYSE:DX)

PDS Planning Inc purchased a new position in Dynex Capital, Inc. (NYSE:DX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 14,286 shares of the real estate investment trust’s stock, valued at approximately $182,000.

A number of other large investors also recently modified their holdings of the business. PVG Asset Management Corp acquired a new position in shares of Dynex Capital in the second quarter valued at $913,000. International Assets Investment Management LLC increased its holdings in Dynex Capital by 1,152.5% in the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock valued at $5,187,000 after buying an additional 374,074 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Dynex Capital in the 2nd quarter valued at $735,000. Clayton Partners LLC bought a new position in shares of Dynex Capital during the 2nd quarter worth about $1,313,000. Finally, Renaissance Technologies LLC boosted its position in shares of Dynex Capital by 267.7% during the 2nd quarter. Renaissance Technologies LLC now owns 132,000 shares of the real estate investment trust’s stock valued at $1,576,000 after acquiring an additional 96,100 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Dynex Capital stock opened at $12.31 on Wednesday. The business’s fifty day moving average is $12.49 and its two-hundred day moving average is $12.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $975.79 million, a P/E ratio of 9.77 and a beta of 1.32. Dynex Capital, Inc. has a 52 week low of $10.61 and a 52 week high of $13.13.

Dynex Capital (NYSE:DX) last issued its quarterly 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 quarter last year, the company earned ($0.28) EPS. Equities research analysts forecast that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.63%. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. Dynex Capital’s payout ratio is 123.81%.

Analysts Set New Price Targets

DX has been the subject of a number of analyst reports. 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 restated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dynex Capital has an average rating of “Hold” and an average price target 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.