Bank of America Corp DE Has $1 Million Stake in Dynex Capital, Inc. (NYSE:DX)

Bank of America Corp DE lessened its holdings in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 72.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 79,146 shares of the real estate investment trust's stock after selling 208,513 shares during the period. Bank of America Corp DE owned 0.10% of Dynex Capital worth $1,001,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DX. Sterling Capital Management LLC raised its position in shares of Dynex Capital by 838.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 2,223 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Dynex Capital during the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,700 shares during the period. US Bancorp DE boosted its stake in 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 period. Finally, Tower Research Capital LLC TRC raised its holdings in Dynex Capital by 452.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 5,901 shares in the last quarter. Institutional investors own 38.34% of the company's stock.

Dynex Capital Stock Performance

Shares of Dynex Capital stock opened at $12.16 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 8.27 and a beta of 0.93. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52. 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 business has a 50 day moving average price of $12.07 and a 200-day moving average price of $12.75.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. The business had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. Equities analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.78%. The ex-dividend date of this dividend was Friday, May 23rd. Dynex Capital's payout ratio is currently 264.94%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered 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, April 8th. Wall Street Zen lowered Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. Finally, Jones Trading cut their target price on Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research report on Monday, April 21st.

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.

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