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

State Street Corp grew its holdings in Dynex Capital, Inc. (NYSE:DX) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 period. State Street Corp owned about 1.95% of Dynex Capital worth $19,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Systematic Financial Management LP purchased a new position in shares of Dynex Capital in the third quarter worth $914,000. Centiva Capital LP bought a new stake in Dynex Capital in the 3rd quarter valued at $321,000. ClearAlpha Technologies LP purchased a new stake in Dynex Capital in the 3rd quarter worth $297,000. Walleye Capital LLC purchased a new stake in Dynex Capital in the 3rd quarter worth $155,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Dynex Capital by 68.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust’s stock valued at $1,340,000 after purchasing an additional 42,755 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

DX stock opened at $12.49 on Tuesday. Dynex Capital, Inc. has a 52 week low of $11.36 and a 52 week high of $13.13. The firm has a market capitalization of $990.51 million, a P/E ratio of 9.91 and a beta of 1.31. The company has a fifty day simple moving average of $12.48 and a two-hundred day simple moving average of $12.33. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS 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 business had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. During the same period in the previous year, the business posted ($0.28) EPS. Analysts anticipate that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, January 2nd will be issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.41%. The ex-dividend date is Thursday, January 2nd. Dynex Capital’s dividend payout ratio (DPR) is 142.86%.

Wall Street Analysts Forecast Growth

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

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.