11,140 Shares in Dynex Capital, Inc. (NYSE:DX) Bought by Hilton Capital Management LLC

Hilton Capital Management LLC bought a new position in Dynex Capital, Inc. (NYSE:DX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,140 shares of the real estate investment trust’s stock, valued at approximately $142,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Dynex Capital by 81.6% in the 1st quarter. BNP Paribas Financial Markets now owns 27,397 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 12,307 shares during the period. Swiss National Bank grew its position in Dynex Capital by 4.7% in the 1st quarter. Swiss National Bank now owns 111,833 shares of the real estate investment trust’s stock worth $1,392,000 after purchasing an additional 5,000 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of Dynex Capital in the first quarter valued at approximately $126,000. State Board of Administration of Florida Retirement System increased its stake in shares of Dynex Capital by 8.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 1,330 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Dynex Capital by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust’s stock valued at $37,881,000 after buying an additional 41,586 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Stock Performance

DX opened at $12.41 on Thursday. The business has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $12.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $984.11 million, a price-to-earnings ratio of 9.85 and a beta of 1.32. Dynex Capital, Inc. has a 1-year low of $11.11 and a 1-year high of $13.13.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. During the same quarter last year, the company earned ($0.28) EPS. Research analysts predict that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 14.50%. Dynex Capital’s dividend payout ratio (DPR) is 123.81%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com lowered Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.