24,473 Shares in Dynex Capital, Inc. (NYSE:DX) Acquired by BayBridge Capital Group LLC

BayBridge Capital Group LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,473 shares of the real estate investment trust's stock, valued at approximately $319,000.

A number of other hedge funds also recently made changes to their positions in DX. Sterling Capital Management LLC boosted its holdings in shares of Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock worth $31,000 after buying an additional 2,223 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Dynex Capital during the fourth quarter worth approximately $43,000. PNC Financial Services Group Inc. boosted its holdings in shares of Dynex Capital by 87.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 1,700 shares during the period. US Bancorp DE grew its position in shares of Dynex Capital by 567.1% in the fourth 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 last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Dynex Capital by 452.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 5,901 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DX has been the subject of several research reports. Wall Street Zen cut Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Jones Trading dropped their target price on Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a report on Monday, April 21st.

Dynex Capital Trading Up 1.2%

Shares of NYSE:DX traded up $0.15 on Wednesday, reaching $12.22. 4,187,319 shares of the company's stock were exchanged, compared to its average volume of 3,430,911. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52. The company has a fifty day moving average of $12.10 and a 200-day moving average of $12.74. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.87 and a beta of 0.93.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The business had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. Dynex Capital had a return on equity of 1.59% and a net margin of 20.61%. As a group, equities research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 23rd will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.70%. The ex-dividend date is Monday, June 23rd. Dynex Capital's payout ratio is currently 264.94%.

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.