Dynex Capital, Inc. (NYSE:DX) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Dynex Capital, Inc. (NYSE:DX) by 17.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,701,740 shares of the real estate investment trust’s stock after acquiring an additional 253,660 shares during the period. Geode Capital Management LLC owned about 2.15% of Dynex Capital worth $21,718,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Signaturefd LLC raised its position in shares of Dynex Capital by 305.9% in the third 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 during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dynex Capital during the second quarter worth about $81,000. Squarepoint Ops LLC purchased a new stake in shares of Dynex Capital during the second quarter worth about $128,000. Hilton Capital Management LLC purchased a new stake in shares of Dynex Capital during the third quarter worth about $142,000. Finally, Walleye Capital LLC purchased a new stake in shares of Dynex Capital during the third quarter worth about $155,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Price Performance

DX stock opened at $12.57 on Friday. The stock has a market capitalization of $996.85 million, a P/E ratio of 9.98 and a beta of 1.31. The firm has a 50-day simple moving average of $12.49 and a 200-day simple moving average of $12.35. 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, Inc. has a 52 week low of $11.36 and a 52 week high of $13.13.

Dynex Capital (NYSE:DX) last released its 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 negative return on equity of 4.80% and a net margin of 28.83%. The company had revenue of $83.46 million for the quarter, compared to analysts’ expectations of $4.92 million. During the same period in the prior year, the firm earned ($0.28) EPS. Equities analysts forecast that Dynex Capital, Inc. will post 1.03 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, January 2nd will be paid 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 14.32%. Dynex Capital’s dividend payout ratio is presently 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.