Allspring Global Investments Holdings LLC Has $357,000 Holdings in Dynex Capital, Inc. (NYSE:DX)

Allspring Global Investments Holdings LLC increased its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 122.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,400 shares of the real estate investment trust’s stock after buying an additional 15,100 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Dynex Capital were worth $357,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 2,223 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Dynex Capital in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. raised its stake in shares of Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares during the period. US Bancorp DE raised its stake in shares of Dynex Capital by 567.1% in the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 3,227 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Dynex Capital by 452.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 5,901 shares during the period. Institutional investors and hedge funds own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DX. UBS Group lifted their price target on Dynex Capital from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research note on Thursday. Jones Trading dropped their price target on Dynex Capital from $13.25 to $12.50 and set a “buy” rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Dynex Capital has an average rating of “Hold” and a consensus target price of $12.67.

Dynex Capital Price Performance

Shares of NYSE DX opened at $12.85 on Friday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.68 and a beta of 0.92. The business has a 50-day moving average of $12.28 and a 200-day moving average of $12.72. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two 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, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $17.13 million during the quarter, compared to analysts’ expectations of $11.41 million. Dynex Capital had a return on equity of 1.59% and a net margin of 20.61%. On average, sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 23rd were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 15.88%. The ex-dividend date of this dividend was Monday, June 23rd. Dynex Capital’s payout ratio is 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.