135,515 Shares in Dynex Capital, Inc. (NYSE:DX) Acquired by Jennison Associates LLC

Jennison Associates LLC purchased a new stake in Dynex Capital, Inc. (NYSE:DX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 135,515 shares of the real estate investment trust's stock, valued at approximately $1,764,000. Jennison Associates LLC owned about 0.14% of Dynex Capital as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Amalgamated Bank grew its position in shares of Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 973 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Dynex Capital by 4.9% in the first quarter. Arizona State Retirement System now owns 22,747 shares of the real estate investment trust's stock valued at $296,000 after buying an additional 1,065 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of 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 valued at $46,000 after buying an additional 1,700 shares during the period. Rhumbline Advisers lifted its stake in shares of Dynex Capital by 1.6% in the first quarter. Rhumbline Advisers now owns 109,285 shares of the real estate investment trust's stock valued at $1,423,000 after buying an additional 1,715 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Dynex Capital by 5.4% in the first quarter. International Assets Investment Management LLC now owns 33,463 shares of the real estate investment trust's stock valued at $436,000 after buying an additional 1,724 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Down 0.8%

DX traded down $0.11 during midday trading on Thursday, reaching $12.65. 2,438,367 shares of the company's stock were exchanged, compared to its average volume of 3,569,976. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 16.24 and a beta of 0.92. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52. The business has a 50-day simple moving average of $12.33 and a two-hundred day simple moving average of $12.72.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). The business had revenue of $23.13 million for the quarter, compared to the consensus estimate of $21.20 million. Dynex Capital had a return on equity of 4.53% and a net margin of 17.27%. As a group, research analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Wednesday, July 23rd will be paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.13%. The ex-dividend date of this dividend is Wednesday, July 23rd. Dynex Capital's dividend payout ratio (DPR) is currently 261.54%.

Wall Street Analysts Forecast Growth

DX has been the subject of several research reports. UBS Group reiterated a "neutral" rating and issued a $12.50 target price (up previously from $11.00) on shares of Dynex Capital in a research note on Thursday, July 10th. Wall Street Zen cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods increased their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Jones Trading increased their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Dynex Capital presently has a consensus rating of "Hold" and an average price target of $12.83.

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.