Dynex Capital, Inc. (NYSE:DX) Stake Lessened by CenterBook Partners LP

CenterBook Partners LP reduced its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 385,275 shares of the real estate investment trust's stock after selling 41,127 shares during the period. CenterBook Partners LP owned about 0.49% of Dynex Capital worth $4,874,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Dynex Capital during the 4th quarter valued at about $1,510,000. Legal & General Group Plc grew its holdings in Dynex Capital by 10.4% in the fourth quarter. Legal & General Group Plc now owns 82,458 shares of the real estate investment trust's stock valued at $1,043,000 after purchasing an additional 7,740 shares during the period. Invesco Ltd. increased its position in Dynex Capital by 9.4% during the fourth quarter. Invesco Ltd. now owns 1,270,019 shares of the real estate investment trust's stock worth $16,066,000 after purchasing an additional 108,747 shares during the last quarter. Polymer Capital Management US LLC purchased a new position in Dynex Capital during the fourth quarter worth approximately $248,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Dynex Capital by 15.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 27,121 shares of the real estate investment trust's stock valued at $343,000 after purchasing an additional 3,623 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Up 1.6 %

NYSE DX traded up $0.18 during trading hours on Monday, hitting $11.57. The company had a trading volume of 1,816,322 shares, compared to its average volume of 2,192,447. The firm's 50 day moving average is $13.40 and its 200 day moving average is $12.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.87 and a beta of 1.14.

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Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. Sell-side analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were paid a dividend of $0.17 per share. This is an increase from Dynex Capital's previous monthly dividend of $0.15. The ex-dividend date was Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 17.63%. Dynex Capital's payout ratio is 138.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DX shares. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods decreased their target price on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Dynex Capital presently has an average rating of "Moderate Buy" and a consensus target price of $13.33.

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.