Clayton Partners LLC Trims Position in Dynex Capital, Inc. (NYSE:DX)

Clayton Partners LLC lowered its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 172,919 shares of the real estate investment trust's stock after selling 86,135 shares during the quarter. Dynex Capital comprises 1.5% of Clayton Partners LLC's investment portfolio, making the stock its 27th largest holding. Clayton Partners LLC owned approximately 0.22% of Dynex Capital worth $2,187,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Westend Capital Management LLC boosted its stake in Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 919 shares during the period. PNC Financial Services Group Inc. boosted its stake in 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 worth $46,000 after purchasing an additional 1,700 shares during the period. US Bancorp DE boosted its position in shares of Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 3,227 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of Dynex Capital during the 3rd quarter valued at about $142,000. Finally, Firethorn Wealth Partners LLC bought a new stake in shares of Dynex Capital during the 4th quarter valued at about $148,000. Institutional investors own 38.34% of the company's stock.

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Dynex Capital Price Performance

NYSE:DX traded up $0.08 during mid-day trading on Tuesday, reaching $14.42. The stock had a trading volume of 2,485,629 shares, compared to its average volume of 1,886,691. The firm has a 50 day moving average price of $13.36 and a two-hundred day moving average price of $12.81. The stock has a market capitalization of $1.30 billion, a P/E ratio of 9.81 and a beta of 1.35. Dynex Capital, Inc. has a one year low of $11.36 and a one year high of $14.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.

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

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a $0.17 dividend. This is a boost from Dynex Capital's previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a yield of 14.15%. The ex-dividend date of this dividend is Monday, March 24th. Dynex Capital's payout ratio is 138.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DX shares. JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.

About Dynex Capital

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.