Wells Fargo & Company MN maintained its stake in shares of Dynex Capital, Inc. (NYSE:DX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,066 shares of the real estate investment trust’s stock at the end of the second quarter. Wells Fargo & Company MN owned 0.10% of Dynex Capital worth $334,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Dynex Capital by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 282,620 shares of the real estate investment trust’s stock valued at $2,004,000 after acquiring an additional 15,051 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Dynex Capital by 59.6% during the first quarter. UBS Asset Management Americas Inc. now owns 35,088 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 13,100 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dynex Capital by 20.2% during the first quarter. JPMorgan Chase & Co. now owns 181,228 shares of the real estate investment trust’s stock valued at $1,285,000 after acquiring an additional 30,422 shares during the last quarter. American International Group Inc. raised its stake in shares of Dynex Capital by 7.4% during the first quarter. American International Group Inc. now owns 27,712 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Dynex Capital by 10.0% during the first quarter. Alliancebernstein L.P. now owns 28,550 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 2,600 shares during the last quarter. 41.74% of the stock is owned by institutional investors and hedge funds.

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Shares of Dynex Capital, Inc. (DX) opened at $6.98 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $369.34, a price-to-earnings ratio of 9.51 and a beta of 0.81. Dynex Capital, Inc. has a twelve month low of $6.58 and a twelve month high of $7.41.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $13.21 million during the quarter, compared to analysts’ expectations of $15.36 million. Dynex Capital had a net margin of 86.86% and a return on equity of 11.08%. The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the company posted $0.20 earnings per share. equities analysts predict that Dynex Capital, Inc. will post 0.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 3rd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend was Monday, October 2nd. Dynex Capital’s dividend payout ratio is currently 50.00%.

Several equities research analysts have recently weighed in on DX shares. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $7.50 price objective on shares of Dynex Capital in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.25 price objective on shares of Dynex Capital in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $7.38.

Dynex Capital Company Profile

Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.

Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

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