BNP Paribas Financial Markets lifted its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 263.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,298 shares of the real estate investment trust's stock after purchasing an additional 106,796 shares during the quarter. BNP Paribas Financial Markets owned about 0.19% of Dynex Capital worth $1,863,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Dynex Capital by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock valued at $8,249,000 after purchasing an additional 42,012 shares during the last quarter. Barclays PLC lifted its holdings in shares of Dynex Capital by 833.2% during the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock worth $2,793,000 after purchasing an additional 195,400 shares during the period. Raymond James Financial Inc. purchased a new stake in Dynex Capital in the fourth quarter valued at approximately $1,510,000. Vanguard Group Inc. boosted its position in Dynex Capital by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock valued at $54,615,000 after buying an additional 260,798 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Dynex Capital in the 4th quarter worth approximately $173,000. 38.34% of the stock is owned by hedge funds and other institutional investors.
Dynex Capital Stock Performance
NYSE DX traded down $0.46 during mid-day trading on Wednesday, reaching $12.05. 4,617,386 shares of the stock were exchanged, compared to its average volume of 2,418,103. The company has a market capitalization of $1.29 billion, a P/E ratio of 8.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The business's 50 day moving average is $12.51 and its 200-day moving average is $12.79. Dynex Capital, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52.
Dynex Capital (NYSE:DX - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The business had revenue of $17.13 million for the quarter, compared to analyst estimates of $11.41 million. On average, equities research analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.
Dynex Capital Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 16.94%. The ex-dividend date is Friday, May 23rd. Dynex Capital's payout ratio is currently 264.94%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. StockNews.com cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. Jones Trading decreased their target price on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research report on Monday, April 21st. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods decreased their price objective on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $12.83.
Read Our Latest Stock Analysis on Dynex Capital
About Dynex Capital
(
Free Report)
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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