Geode Capital Management LLC Purchases 136,280 Shares of Dynex Capital, Inc. (NYSE:DX)

Geode Capital Management LLC boosted its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,838,020 shares of the real estate investment trust's stock after buying an additional 136,280 shares during the quarter. Geode Capital Management LLC owned approximately 2.32% of Dynex Capital worth $23,256,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DX. Charles Schwab Investment Management Inc. raised its stake in shares of Dynex Capital by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock valued at $8,249,000 after buying an additional 42,012 shares in the last quarter. Barclays PLC increased its position in Dynex Capital by 833.2% in the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after acquiring an additional 195,400 shares in the last quarter. Raymond James Financial Inc. bought a new position in Dynex Capital in the 4th quarter worth approximately $1,510,000. State Street Corp lifted its stake in shares of Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust's stock valued at $19,977,000 after acquiring an additional 44,302 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Dynex Capital during the 4th quarter valued at about $173,000. Institutional investors own 38.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DX shares. Keefe, Bruyette & Woods reduced their price target on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, JMP Securities restated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Dynex Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.33.

Dynex Capital Trading Up 0.7 %

Shares of NYSE:DX opened at $11.67 on Friday. The company has a 50-day simple moving average of $13.23 and a 200 day simple moving average of $12.80. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.52. The company has a market capitalization of $1.12 billion, a P/E ratio of 7.94 and a beta of 1.14. 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 (NYSE:DX - Get Free Report) last posted its earnings results 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 net margin of 35.65% and a negative return on equity of 2.24%. Sell-side analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 17.48%. Dynex Capital's payout ratio 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.

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