Marshall Wace LLP Purchases 480,933 Shares of Dynex Capital Inc (NYSE:DX)

Marshall Wace LLP raised its stake in Dynex Capital Inc (NYSE:DX) by 170.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,568 shares of the real estate investment trust’s stock after acquiring an additional 480,933 shares during the period. Marshall Wace LLP owned approximately 1.03% of Dynex Capital worth $4,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in shares of Dynex Capital by 268.5% in the first quarter. Parallel Advisors LLC now owns 5,240 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,818 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Dynex Capital in the first quarter worth approximately $33,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Dynex Capital in the first quarter worth approximately $1,350,000. Meeder Asset Management Inc. raised its stake in shares of Dynex Capital by 130.0% in the first quarter. Meeder Asset Management Inc. now owns 8,943 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 5,054 shares during the last quarter. Finally, Quantamental Technologies LLC grew its holdings in shares of Dynex Capital by 97.9% in the first quarter. Quantamental Technologies LLC now owns 9,298 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 4,600 shares in the last quarter.

Shares of Dynex Capital stock traded up $0.06 during trading hours on Friday, reaching $16.79. The company had a trading volume of 146,838 shares, compared to its average volume of 372,089. Dynex Capital Inc has a one year low of $16.23 and a one year high of $20.46. The business has a fifty day moving average price of $10.50. The company has a market cap of $413.08 million, a price-to-earnings ratio of 7.67 and a beta of 0.62.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54. Dynex Capital had a positive return on equity of 13.53% and a negative net margin of 71.70%. The company had revenue of $13.68 million for the quarter. Research analysts forecast that Dynex Capital Inc will post 2.04 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 22nd will be given a $0.18 dividend. The ex-dividend date is Friday, July 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.86%. Dynex Capital’s dividend payout ratio (DPR) is presently 98.63%.

Several research firms have recently issued reports on DX. LADENBURG THALM/SH SH set a $220.00 target price on SAGE Therapeutics and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Nomura reduced their price objective on Carnival from $66.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dynex Capital currently has an average rating of “Hold” and a consensus price target of $20.12.

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.

Further Reading: Why do corrections happen?

Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.