Dynex Capital Preferred Stock Yields 9.375 Percent Amid Growth

Dynex Capital preferred stock is offering a 9.375 percent yield as company growth provides a safety net for investors, Seeking Alpha reported on October 5. The analysis covers the DX-D preferred shares as the real estate investment trust utilizes agency residential mortgage-backed securities to manage risk. [1][3]

According to Seeking Alpha, the preferred shares feature safety driven by agency RMBS holdings along with hedging mechanisms against interest rate risk. The publication noted that the DX-D shares may rally to a price target of $25.75. [1][3]

In separate real estate financing news, Commercial Observer reported that Fields Holdings secured a $94.8 million construction loan from Affinius Capital. The debt financing will fund Zev Corvallis, a 13-story, 262-unit student housing development located on the Oregon State University campus in Corvallis, Oregon. [2]

Commercial Observer noted that no broker was listed on the student housing transaction. Tyler Figley serves as senior vice president for Affinius Capital on the deal. [2]