BNP Paribas Financial Markets Buys 24,139 Shares of Dynex Capital, Inc. (NYSE:DX)

BNP Paribas Financial Markets grew its stake in Dynex Capital, Inc. (NYSE:DX) by 147.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,502 shares of the real estate investment trust’s stock after purchasing an additional 24,139 shares during the period. BNP Paribas Financial Markets’ holdings in Dynex Capital were worth $517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its position in 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 buying an additional 1,661 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dynex Capital in the second quarter valued at $81,000. Squarepoint Ops LLC bought a new stake in shares of Dynex Capital in the 2nd quarter worth about $128,000. Hilton Capital Management LLC purchased a new position in shares of Dynex Capital during the 3rd quarter worth about $142,000. Finally, Creative Planning bought a new position in Dynex Capital during the 3rd quarter valued at about $175,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Down 0.2 %

NYSE:DX opened at $12.67 on Friday. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 10.05 and a beta of 1.31. Dynex Capital, Inc. has a twelve month low of $11.36 and a twelve month high of $13.13. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $12.44 and a 200-day simple moving average of $12.31.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.39). The company had revenue of $83.46 million during the quarter, compared to analysts’ expectations of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same period last year, the firm earned ($0.28) earnings per share. Analysts anticipate that Dynex Capital, Inc. will post 1.03 EPS for the current year.

Dynex Capital Dividend Announcement

The company 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 $0.15 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.80 annualized dividend and a yield of 14.21%. Dynex Capital’s dividend payout ratio (DPR) is currently 142.86%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Dynex Capital currently has an average rating of “Moderate Buy” and an average target price of $13.56.

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.