Northern Trust Corp Boosts Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Northern Trust Corp lifted its stake in Dynex Capital, Inc. (NYSE:DX) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 724,865 shares of the real estate investment trust’s stock after buying an additional 98,537 shares during the period. Northern Trust Corp owned approximately 0.91% of Dynex Capital worth $9,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Dynex Capital by 24.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,572 shares of the real estate investment trust’s stock worth $387,000 after purchasing an additional 6,015 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Dynex Capital by 452.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 5,901 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Dynex Capital by 6.9% in the fourth quarter. MetLife Investment Management LLC now owns 45,262 shares of the real estate investment trust’s stock worth $573,000 after acquiring an additional 2,905 shares during the period. Mesirow Institutional Investment Management Inc. boosted its holdings in Dynex Capital by 29.1% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust’s stock valued at $13,409,000 after acquiring an additional 239,053 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Dynex Capital during the 4th quarter valued at $4,275,000. Institutional investors own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 24th. Jones Trading lowered their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating for the company in a report on Monday, April 21st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lowered their target price on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.83.

Dynex Capital Stock Performance

Shares of DX opened at $12.61 on Friday. The business’s 50 day moving average price is $12.57 and its 200-day moving average price is $12.78. 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 stock has a market cap of $1.35 billion, a P/E ratio of 8.57 and a beta of 0.92. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The company had revenue of $17.13 million during the quarter, compared to analyst estimates of $11.41 million. Equities research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 16.18%. The ex-dividend date of this dividend is Friday, May 23rd. Dynex Capital’s payout ratio is currently 264.94%.

Dynex Capital 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.