Clayton Partners LLC trimmed 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 disclosure with the Securities & Exchange Commission. 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 holdings, making the stock its 27th largest position. Clayton Partners LLC owned approximately 0.22% of Dynex Capital worth $2,187,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC raised its position in Dynex Capital by 37.0% during the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock worth $43,000 after buying an additional 919 shares during the last quarter. Founders Financial Alliance LLC boosted its holdings in shares of Dynex Capital by 4.7% in the 4th quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust's stock valued at $268,000 after acquiring an additional 950 shares during the last quarter. Cambridge Advisors Inc. increased its stake in shares of Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust's stock worth $233,000 after acquiring an additional 1,300 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Dynex Capital by 87.5% during the fourth 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Dynex Capital by 8.2% during the third quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust's stock valued at $329,000 after purchasing an additional 1,950 shares during the period. Institutional investors and hedge funds own 38.34% of the company's stock.
Dynex Capital Trading Up 0.8 %
Shares of Dynex Capital stock traded up $0.12 during mid-day trading on Monday, hitting $14.34. The stock had a trading volume of 2,913,932 shares, compared to its average volume of 1,874,925. The firm has a market cap of $1.30 billion, a P/E ratio of 9.75 and a beta of 1.35. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $13.36 and a two-hundred day moving average of $12.81. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $14.52.
Dynex Capital (NYSE:DX - Get Free Report) last posted its 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 net margin of 35.65% and a negative return on equity of 2.24%. Sell-side analysts forecast 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 given a dividend of $0.17 per share. The ex-dividend date is Monday, March 24th. 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 dividend yield of 14.23%. Dynex Capital's dividend payout ratio (DPR) is currently 138.78%.
Wall Street Analyst Weigh In
DX has been the topic of several analyst reports. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.56.
Read Our Latest Stock Analysis on DX
About Dynex Capital
(
Free Report)
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.
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