BNP Paribas Financial Markets Acquires 106,796 Shares of Dynex Capital, Inc. (NYSE:DX)

BNP Paribas Financial Markets increased its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 263.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,298 shares of the real estate investment trust's stock after acquiring an additional 106,796 shares during the period. BNP Paribas Financial Markets owned about 0.19% of Dynex Capital worth $1,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of 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 worth $31,000 after acquiring an additional 2,223 shares during the last quarter. Westend Capital Management LLC increased its stake in Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 919 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Dynex Capital in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. increased 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 buying an additional 1,700 shares during the last quarter. Finally, US Bancorp DE increased 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 buying an additional 3,227 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Jones Trading decreased their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research note on Monday, April 21st. Wall Street Zen lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. Finally, JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.83.

Dynex Capital Stock Performance

Shares of Dynex Capital stock traded down $0.14 on Friday, reaching $11.86. 2,791,910 shares of the company traded hands, compared to its average volume of 2,446,904. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52. The company has a 50 day moving average of $12.37 and a 200 day moving average of $12.78. The firm has a market capitalization of $1.27 billion, a PE ratio of 8.06 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital (NYSE:DX - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. Equities analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 17.21%. The ex-dividend date of this dividend is Friday, May 23rd. Dynex Capital's dividend payout ratio is currently 264.94%.

About Dynex Capital

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.