New York State Common Retirement Fund decreased its holdings in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,097 shares of the real estate investment trust's stock after selling 18,345 shares during the period. New York State Common Retirement Fund owned about 0.08% of Dynex Capital worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Dynex Capital in the fourth quarter valued at approximately $772,000. Strategic Financial Concepts LLC acquired a new position in Dynex Capital in the 4th quarter valued at $1,130,000. Rhumbline Advisers lifted its holdings in Dynex Capital by 2.0% in the 4th quarter. Rhumbline Advisers now owns 107,570 shares of the real estate investment trust's stock valued at $1,361,000 after purchasing an additional 2,072 shares in the last quarter. Van ECK Associates Corp boosted its stake in Dynex Capital by 20.4% during the 4th 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 last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Dynex Capital by 80.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,300 shares of the real estate investment trust's stock worth $156,000 after buying an additional 5,500 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on DX shares. StockNews.com raised shares of Dynex Capital from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $13.56.
View Our Latest Stock Analysis on DX
Dynex Capital Trading Up 2.2 %
Shares of DX traded up $0.32 during mid-day trading on Friday, reaching $14.34. The stock had a trading volume of 2,148,755 shares, compared to its average volume of 2,742,561. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The business's fifty day moving average is $13.15 and its 200 day moving average is $12.72. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $14.34. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 9.75 and a beta of 1.35.
Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly 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%. On average, sell-side analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.
Dynex Capital Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, March 24th. This is a boost from Dynex Capital's previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.23%. Dynex Capital's dividend payout ratio is currently 138.78%.
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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