Allspring Global Investments Holdings LLC Raises Stock Position in Dynex Capital, Inc. (NYSE:DX)

Allspring Global Investments Holdings LLC grew its position in Dynex Capital, Inc. (NYSE:DX) by 80.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,300 shares of the real estate investment trust’s stock after purchasing an additional 5,500 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dynex Capital were worth $156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 buying an additional 42,755 shares in the last quarter. Barclays PLC increased its holdings in Dynex Capital by 833.2% during the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock worth $2,793,000 after purchasing an additional 195,400 shares during the period. State Street Corp increased its holdings in Dynex Capital by 2.9% in 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 buying an additional 44,302 shares during the last quarter. Geode Capital Management LLC raised its stake in Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after acquiring an additional 253,660 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Dynex Capital by 147.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 24,139 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DX has been the topic of a number of analyst reports. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

Dynex Capital Stock Performance

Dynex Capital stock opened at $13.90 on Wednesday. The company has a market cap of $1.10 billion, a PE ratio of 9.45 and a beta of 1.31. The company has a fifty day moving average price of $12.92 and a two-hundred day moving average price of $12.63. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $14.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. Research analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 14.68%. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 24th. Dynex Capital’s dividend payout ratio (DPR) is presently 122.45%.

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.