Penserra Capital Management LLC Acquires 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% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,081 shares of the real estate investment trust’s stock after purchasing an additional 14,880 shares during the period. Penserra Capital Management LLC’s holdings in Dynex Capital were worth $1,021,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DX. Signaturefd LLC grew its stake in shares of Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,661 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dynex Capital in the second quarter worth $81,000. ProShare Advisors LLC bought a new position in shares of Dynex Capital during the first quarter valued at $126,000. Squarepoint Ops LLC purchased a new position in shares of Dynex Capital in the 2nd quarter worth about $128,000. Finally, Hilton Capital Management LLC bought a new position in Dynex Capital in the 3rd quarter worth about $142,000. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Price Performance

Shares of NYSE:DX opened at $12.42 on Wednesday. The business has a 50-day simple moving average of $12.45 and a two-hundred day simple moving average of $12.30. 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 $984.91 million, a price-to-earnings ratio of 9.86 and a beta of 1.32. Dynex Capital, Inc. has a fifty-two week low of $11.11 and a fifty-two week 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) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. The company had revenue of $83.46 million for the quarter, compared to the consensus estimate of $4.92 million. During the same quarter last year, the company earned ($0.28) EPS. On average, analysts expect that Dynex Capital, Inc. will post 1.03 earnings per share for the current year.

Dynex Capital Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DX. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One investment 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, the company has a consensus rating of “Hold” and a consensus price target of $13.35.

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.