KLP Kapitalforvaltning AS Invests $173,000 in Dynex Capital, Inc. (NYSE:DX)

KLP Kapitalforvaltning AS bought a new position in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, Holdings Channel.com reports. The fund bought 13,700 shares of the real estate investment trust’s stock, valued at approximately $173,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC lifted its stake in shares of Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 919 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,700 shares during the last quarter. US Bancorp DE raised its position in shares of Dynex Capital by 567.1% in the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 3,227 shares during the last quarter. Firethorn Wealth Partners LLC purchased a new position in Dynex Capital in the 4th quarter worth $148,000. Finally, Walleye Capital LLC purchased a new position in Dynex Capital during the 3rd quarter worth approximately $155,000. Institutional investors own 38.34% of the company’s stock.

Analyst Ratings Changes

DX has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price target on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.63.

Dynex Capital Price Performance

Dynex Capital stock opened at $11.51 on Wednesday. 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 has a market cap of $1.11 billion, a PE ratio of 7.83 and a beta of 1.14. The company’s 50 day moving average is $13.53 and its two-hundred day moving average is $12.86. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $14.52.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (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 expect that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 17.73%. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date was Monday, March 24th. Dynex Capital’s payout ratio is presently 138.78%.

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.