Dynex Capital, Inc. (NYSE:DX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Dynex Capital, Inc. (NYSE:DX - Free Report) by 39.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 237,316 shares of the real estate investment trust's stock after selling 152,784 shares during the quarter. JPMorgan Chase & Co. owned 0.30% of Dynex Capital worth $3,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DX. Westend Capital Management LLC raised its holdings in Dynex Capital by 37.0% in the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 919 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of 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 valued at $46,000 after purchasing an additional 1,700 shares in the last quarter. US Bancorp DE lifted 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 worth $48,000 after purchasing an additional 3,227 shares during the last quarter. Firethorn Wealth Partners LLC acquired a new position in shares of Dynex Capital during the fourth quarter worth $148,000. Finally, Weaver Consulting Group purchased a new position in Dynex Capital in the fourth quarter valued at $156,000. Institutional investors and hedge funds own 38.34% of the company's stock.

Dynex Capital Trading Up 2.2 %

NYSE:DX traded up $0.26 during mid-day trading on Friday, reaching $12.24. The company's stock had a trading volume of 3,211,629 shares, compared to its average volume of 2,278,769. The company's fifty day simple moving average is $13.06 and its two-hundred day simple moving average is $12.79. 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 twelve month low of $10.79 and a twelve month high of $14.52. The stock has a market cap of $1.18 billion, a P/E ratio of 8.33 and a beta of 1.14.

Dynex Capital (NYSE:DX - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. The business had revenue of $17.13 million during the quarter, compared to analyst estimates of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, equities analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 16.67%. The ex-dividend date of this dividend is Wednesday, April 23rd. Dynex Capital's dividend payout ratio is presently 264.94%.

Wall Street Analysts Forecast Growth

DX has been the subject of several analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday. Jones Trading reduced their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.83.

Dynex Capital 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.