State Street Corp Acquires 44,302 Shares of Dynex Capital, Inc. (NYSE:DX)

State Street Corp boosted its holdings in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,550,115 shares of the real estate investment trust's stock after acquiring an additional 44,302 shares during the quarter. State Street Corp owned approximately 1.95% of Dynex Capital worth $19,977,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 1,661 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Dynex Capital during the second quarter valued at approximately $81,000. Squarepoint Ops LLC bought a new position in shares of Dynex Capital in the second quarter valued at approximately $128,000. Hilton Capital Management LLC acquired a new stake in shares of Dynex Capital in the third quarter worth $142,000. Finally, Walleye Capital LLC bought a new stake in shares of Dynex Capital during the 3rd quarter worth $155,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.56.

Dynex Capital Trading Up 1.1 %

Dynex Capital stock traded up $0.14 during mid-day trading on Tuesday, hitting $12.63. The stock had a trading volume of 522,299 shares, compared to its average volume of 1,582,573. The stock has a 50-day simple moving average of $12.49 and a two-hundred day simple moving average of $12.33. 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 stock has a market capitalization of $1.00 billion, a PE ratio of 10.02 and a beta of 1.31. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $13.13.

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

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.80 annualized dividend and a yield of 14.25%. Dynex Capital's dividend payout ratio (DPR) is currently 142.86%.

About Dynex Capital

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.