Geode Capital Management LLC Purchases 136,280 Shares of Dynex Capital, Inc. (NYSE:DX)

Geode Capital Management LLC grew its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,838,020 shares of the real estate investment trust’s stock after acquiring an additional 136,280 shares during the quarter. Geode Capital Management LLC’s holdings in Dynex Capital were worth $23,256,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Dynex Capital by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust’s stock valued at $8,249,000 after purchasing an additional 42,012 shares during the last quarter. Barclays PLC increased its position in shares of Dynex Capital by 833.2% during the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock worth $2,793,000 after buying an additional 195,400 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Dynex Capital in the 4th quarter valued at about $1,510,000. State Street Corp increased its stake in shares of Dynex Capital by 2.9% in the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock valued at $19,977,000 after acquiring an additional 44,302 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Dynex Capital during the 4th quarter worth about $173,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DX shares. Keefe, Bruyette & Woods cut their target price on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Dynex Capital Stock Performance

NYSE DX opened at $11.67 on Friday. 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, Inc. has a 1 year low of $10.79 and a 1 year high of $14.52. The stock has a market capitalization of $1.12 billion, a PE ratio of 7.94 and a beta of 1.14. The company’s 50 day simple moving average is $13.23 and its two-hundred day simple moving average is $12.80.

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

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 17.48%. Dynex Capital’s payout ratio is 138.78%.

Dynex Capital Company 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.