Franklin Resources Inc. Takes $2.01 Million Position in Dynex Capital, Inc. (NYSE:DX)

Franklin Resources Inc. bought a new position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 158,794 shares of the real estate investment trust's stock, valued at approximately $2,009,000. Franklin Resources Inc. owned approximately 0.20% of Dynex Capital as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased 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 worth $54,615,000 after buying an additional 260,798 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dynex Capital by 17.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust's stock worth $21,718,000 after acquiring an additional 253,660 shares during the last quarter. Barclays PLC lifted its holdings in Dynex Capital by 833.2% during the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after purchasing an additional 195,400 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dynex Capital by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust's stock worth $4,978,000 after purchasing an additional 190,626 shares during the period. Finally, Van ECK Associates Corp boosted its position in Dynex Capital by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust's stock worth $11,045,000 after purchasing an additional 148,235 shares during the period. 38.34% of the stock is owned by institutional investors.

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Dynex Capital Price Performance

Shares of Dynex Capital stock traded up $0.14 during trading on Thursday, hitting $11.73. The stock had a trading volume of 1,613,674 shares, compared to its average volume of 2,214,554. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 7.98 and a beta of 1.14. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The business's 50-day moving average is $13.30 and its 200 day moving average is $12.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. As a group, sell-side analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.04 annualized dividend and a dividend yield of 17.40%. Dynex Capital's dividend payout ratio (DPR) is presently 138.78%.

Analyst Ratings Changes

A number of brokerages recently commented on DX. Keefe, Bruyette & Woods dropped their price target on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.33.

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.