Deutsche Bank AG grew its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,405 shares of the real estate investment trust's stock after purchasing an additional 22,136 shares during the period. Deutsche Bank AG owned approximately 0.07% of Dynex Capital worth $739,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in Dynex Capital by 838.9% in the fourth 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 in the last quarter. New Age Alpha Advisors LLC purchased a new position in Dynex Capital in the fourth quarter worth about $43,000. PNC Financial Services Group Inc. grew its position in Dynex Capital by 87.5% in 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 in the last quarter. US Bancorp DE grew its position in 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 worth $48,000 after acquiring an additional 3,227 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in 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 worth $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.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DX. 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 downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. Finally, 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.83.
Read Our Latest Stock Report on Dynex Capital
Dynex Capital Trading Down 0.4%
NYSE DX traded down $0.05 during trading on Friday, hitting $12.06. The stock had a trading volume of 4,055,098 shares, compared to its average volume of 2,503,042. The stock has a 50 day simple moving average of $12.18 and a 200 day simple moving average of $12.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.20 and a beta of 0.92.
Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, beating 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 firm had revenue of $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. Sell-side analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.
Dynex Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 16.92%. The ex-dividend date of this dividend is Friday, May 23rd. Dynex Capital's dividend payout ratio (DPR) is 264.94%.
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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