Fox Run Management L.L.C. Invests $188,000 in Dynex Capital, Inc. (NYSE:DX)

Fox Run Management L.L.C. acquired a new stake in shares of Dynex Capital, Inc. (NYSE:DX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 14,837 shares of the real estate investment trust’s stock, valued at approximately $188,000.

A number of other large investors have also added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in shares of Dynex Capital during the fourth quarter valued at $173,000. Sei Investments Co. grew its position in Dynex Capital by 1.5% during the 4th quarter. Sei Investments Co. now owns 261,046 shares of the real estate investment trust’s stock valued at $3,302,000 after purchasing an additional 3,887 shares during the last quarter. Virtu Financial LLC bought a new stake in Dynex Capital during the 4th quarter valued at about $285,000. VSM Wealth Advisory LLC purchased a new position in Dynex Capital in the fourth quarter worth about $301,000. Finally, Intech Investment Management LLC lifted its stake in shares of Dynex Capital by 80.7% in the fourth quarter. Intech Investment Management LLC now owns 29,829 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 13,321 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Dynex Capital Trading Down 1.8 %

Shares of DX stock opened at $13.05 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. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $14.52. The stock has a market capitalization of $1.18 billion, a P/E ratio of 8.87 and a beta of 1.35. The firm’s 50 day moving average is $13.60 and its 200 day moving average is $12.88.

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

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 15.64%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s payout ratio is 138.78%.

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.