BayBridge Capital Group LLC Takes Position in Dynex Capital, Inc. (NYSE:DX)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Dynex Capital by 838.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 2,223 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Dynex Capital in the 4th quarter valued at $43,000. PNC Financial Services Group Inc. raised 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 last quarter. US Bancorp DE raised 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 last quarter. Finally, Tower Research Capital LLC TRC raised its stake 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 purchasing an additional 5,901 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on DX shares. Keefe, Bruyette & Woods reduced their price objective on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded Dynex Capital from a "hold" rating to a "sell" rating in a research note 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 for the company in a research note on Monday, April 21st.

Dynex Capital Stock Down 0.8%

Shares of DX opened at $12.31 on Friday. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.52. The company has a market capitalization of $1.32 billion, a PE ratio of 8.37 and a beta of 0.93. The stock has a fifty day simple moving average of $12.08 and a two-hundred day simple moving average of $12.75. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX - Get Free Report) last issued its 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. 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 during the quarter, compared to the consensus estimate of $11.41 million. As a group, equities analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.58%. The ex-dividend date of this dividend is Monday, June 23rd. Dynex Capital's dividend payout ratio is presently 264.94%.

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.

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