Dynex Capital, Inc. (NYSE:DX) Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 17.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,701,740 shares of the real estate investment trust's stock after purchasing an additional 253,660 shares during the period. Geode Capital Management LLC owned 2.15% of Dynex Capital worth $21,718,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of Dynex Capital by 26.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 218,120 shares of the real estate investment trust's stock worth $2,604,000 after purchasing an additional 45,679 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Dynex Capital in the 2nd quarter worth approximately $81,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Dynex Capital by 474.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 119,791 shares of the real estate investment trust's stock valued at $1,430,000 after acquiring an additional 98,934 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Dynex Capital by 3.1% during the second quarter. International Assets Investment Management LLC now owns 32,458 shares of the real estate investment trust's stock worth $388,000 after purchasing an additional 972 shares during the period. Finally, Van ECK Associates Corp raised its stake in Dynex Capital by 69.1% during the second quarter. Van ECK Associates Corp now owns 719,151 shares of the real estate investment trust's stock worth $8,587,000 after acquiring an additional 293,888 shares during the period. Hedge funds and other institutional investors own 38.34% of the company's stock.

Dynex Capital Price Performance

NYSE:DX remained flat at $12.57 during midday trading on Friday. The company had a trading volume of 911,524 shares, compared to its average volume of 1,578,058. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $12.49 and a two-hundred day moving average of $12.35. The stock has a market capitalization of $996.85 million, a price-to-earnings ratio of 9.98 and a beta of 1.31. Dynex Capital, Inc. has a twelve month low of $11.36 and a twelve month high of $13.13.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39). The company had revenue of $83.46 million for the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same quarter last year, the firm posted ($0.28) earnings per share. On average, equities research analysts forecast that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 14.32%. The ex-dividend date is Thursday, January 2nd. Dynex Capital's payout ratio is 142.86%.

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.