Northern Trust Corp Has $9.89 Million Holdings in Dynex Capital, Inc. $DX

Northern Trust Corp lifted its stake in Dynex Capital, Inc. (NYSE:DX) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 759,630 shares of the real estate investment trust’s stock after buying an additional 34,765 shares during the period. Northern Trust Corp owned about 0.71% of Dynex Capital worth $9,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in Dynex Capital by 122.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 15,100 shares during the last quarter. Amalgamated Bank grew its position in Dynex Capital by 50.5% during the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 973 shares during the last quarter. Ameriprise Financial Inc. grew its position in Dynex Capital by 29.3% during the 4th quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust’s stock worth $11,564,000 after acquiring an additional 207,413 shares during the last quarter. TrueMark Investments LLC grew its position in Dynex Capital by 60.1% during the 1st quarter. TrueMark Investments LLC now owns 183,360 shares of the real estate investment trust’s stock worth $2,387,000 after acquiring an additional 68,845 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Dynex Capital by 61.0% during the 4th quarter. Deutsche Bank AG now owns 58,405 shares of the real estate investment trust’s stock worth $739,000 after acquiring an additional 22,136 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Trading Up 1.1%

Shares of DX opened at $12.91 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. The firm has a market capitalization of $1.68 billion, a PE ratio of 16.54 and a beta of 0.93. The stock’s fifty day simple moving average is $12.57 and its 200-day simple moving average is $12.63.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.27). Dynex Capital had a net margin of 17.27% and a return on equity of 4.19%. The firm had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.20 million. As a group, research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The business also recently declared a aug 25 dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd were given a $0.17 dividend. This represents a dividend yield of 1,650.0%. The ex-dividend date was Friday, August 22nd. Dynex Capital’s dividend payout ratio (DPR) is currently 261.54%.

Analyst Ratings Changes

A number of research firms recently commented on DX. UBS Group increased their price target on Dynex Capital from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jones Trading increased their price target on Dynex Capital from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods increased their price target on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

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.