Dynex Capital, Inc. (NYSE:DX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,838,020 shares of the real estate investment trust's stock after buying an additional 136,280 shares during the period. Geode Capital Management LLC owned 2.32% of Dynex Capital worth $23,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC raised its stake in Dynex Capital by 37.0% during 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 acquiring an additional 919 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Dynex Capital during the fourth quarter worth approximately $43,000. PNC Financial Services Group Inc. raised its stake 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 purchasing an additional 1,700 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 3,227 shares during the period. Finally, Firethorn Wealth Partners LLC purchased a new position in Dynex Capital in the 4th quarter valued at $148,000. Hedge funds and other institutional investors own 38.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DX. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods cut their target price 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. Finally, Jones Trading decreased their price target on Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.83.

Dynex Capital Price Performance

Shares of NYSE:DX traded up $0.03 during trading on Thursday, hitting $11.89. 1,200,973 shares of the stock were exchanged, compared to its average volume of 2,257,932. The company has a market cap of $1.14 billion, a PE ratio of 8.08 and a beta of 1.14. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $13.12 and a two-hundred day moving average price of $12.79. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month 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 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 company had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. On average, analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 17.16%. The ex-dividend date of this dividend is Wednesday, April 23rd. Dynex Capital's dividend payout ratio (DPR) is presently 138.78%.

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.