Bank of New York Mellon Corp Acquires 14,548 Shares of Dynex Capital, Inc. (NYSE:DX)

Bank of New York Mellon Corp boosted its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,867 shares of the real estate investment trust’s stock after acquiring an additional 14,548 shares during the quarter. Bank of New York Mellon Corp owned 0.25% of Dynex Capital worth $2,465,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hilton Capital Management LLC bought a new position in shares of Dynex Capital during the third quarter worth about $142,000. Intech Investment Management LLC bought a new stake in shares of Dynex Capital during the 3rd quarter valued at approximately $211,000. Charles Schwab Investment Management Inc. grew its holdings in Dynex Capital by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,120 shares of the real estate investment trust’s stock worth $7,785,000 after acquiring an additional 101,948 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Dynex Capital by 22.8% in the third quarter. Penserra Capital Management LLC now owns 80,081 shares of the real estate investment trust’s stock valued at $1,021,000 after buying an additional 14,880 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Dynex Capital by 8.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 1,950 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of NYSE:DX opened at $14.09 on Friday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.58 and a beta of 1.35. Dynex Capital, Inc. has a 52 week low of $11.36 and a 52 week high of $14.52. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $13.47 and a 200 day moving average of $12.84.

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

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend 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 14.48%. Dynex Capital’s dividend payout ratio (DPR) is 138.78%.

Analyst Upgrades and Downgrades

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

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.