BNP Paribas Financial Markets Buys 24,139 Shares of Dynex Capital, Inc. (NYSE:DX)

BNP Paribas Financial Markets boosted its position in shares of Dynex Capital, Inc. (NYSE:DX) by 147.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,502 shares of the real estate investment trust’s stock after acquiring an additional 24,139 shares during the period. BNP Paribas Financial Markets owned 0.05% of Dynex Capital worth $517,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Dynex Capital by 15.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 2,134 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Dynex Capital by 63.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 38,663 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 15,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Dynex Capital by 26.5% during the second quarter. Bank of New York Mellon Corp now owns 218,120 shares of the real estate investment trust’s stock valued at $2,604,000 after acquiring an additional 45,679 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Dynex Capital during the second quarter valued at about $81,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Dynex Capital by 474.3% in the second 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 in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Stock Performance

DX opened at $12.67 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 10.05 and a beta of 1.31. The company has a fifty day moving average of $12.44 and a 200 day moving average of $12.31. Dynex Capital, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $13.13.

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

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 dividend yield of 14.21%. Dynex Capital’s dividend payout ratio (DPR) 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.