Clayton Partners LLC Sells 86,135 Shares of Dynex Capital, Inc. (NYSE:DX)

Clayton Partners LLC cut its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 33.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,919 shares of the real estate investment trust's stock after selling 86,135 shares during the quarter. Dynex Capital accounts for 1.5% of Clayton Partners LLC's portfolio, making the stock its 27th largest position. Clayton Partners LLC owned about 0.22% of Dynex Capital worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in Dynex Capital by 17.5% during the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust's stock valued at $21,718,000 after buying an additional 253,660 shares during the period. Quest Partners LLC acquired a new position in shares of Dynex Capital in the 3rd quarter valued at about $2,527,000. Barclays PLC lifted its position in shares of Dynex Capital by 833.2% in the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock worth $2,793,000 after purchasing an additional 195,400 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Dynex Capital by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust's stock worth $4,978,000 after purchasing an additional 190,626 shares during the period. Finally, Van ECK Associates Corp grew its position in Dynex Capital by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust's stock valued at $11,045,000 after purchasing an additional 148,235 shares in the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

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Dynex Capital Stock Down 1.0 %

Shares of DX traded down $0.15 during mid-day trading on Wednesday, hitting $14.28. 1,147,874 shares of the company's stock were exchanged, compared to its average volume of 1,888,220. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 9.71 and a beta of 1.35. The firm has a fifty day moving average of $13.40 and a two-hundred day moving average of $12.82. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a twelve month low of $11.36 and a twelve 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 the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, 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 announced 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 represents a $2.04 dividend on an annualized basis and a yield of 14.29%. This is a boost from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's dividend payout ratio is presently 138.78%.

Analyst Ratings Changes

DX has been the subject of a number of research analyst reports. 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 report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Dynex Capital currently has an average rating of "Moderate Buy" and an average price target 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.