Renaissance Technologies LLC Sells 83,500 Shares of Dynex Capital, Inc. (NYSE:DX)

Renaissance Technologies LLC decreased its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 407,400 shares of the real estate investment trust's stock after selling 83,500 shares during the period. Renaissance Technologies LLC owned approximately 0.51% of Dynex Capital worth $5,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Westend Capital Management LLC lifted its holdings in shares of Dynex Capital by 37.0% during 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 purchasing an additional 919 shares during the last quarter. Founders Financial Alliance LLC increased its position in Dynex Capital by 4.7% during 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 buying an additional 950 shares in the last quarter. Cambridge Advisors Inc. raised its stake in Dynex Capital by 7.6% during the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust's stock valued at $233,000 after buying an additional 1,300 shares during the last quarter. PDS Planning Inc boosted its holdings in Dynex Capital by 10.8% in the fourth quarter. PDS Planning Inc now owns 15,822 shares of the real estate investment trust's stock worth $200,000 after acquiring an additional 1,536 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Dynex Capital by 87.5% in 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 acquiring an additional 1,700 shares during the last quarter. 38.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

DX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Jones Trading dropped their target price on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research note on Monday. StockNews.com raised shares of Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, JMP Securities restated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dynex Capital has a consensus rating of "Moderate Buy" and a consensus price target of $12.83.

Dynex Capital Stock Performance

DX traded up $0.04 during midday trading on Wednesday, hitting $11.85. 5,229,551 shares of the company traded hands, compared to its average volume of 2,263,362. The company's 50-day moving average is $13.16 and its 200 day moving average is $12.79. 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 market capitalization of $1.14 billion, a PE ratio of 8.06 and a beta of 1.14. Dynex Capital, Inc. has a 52 week low of $10.79 and a 52 week high of $14.52.

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

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 17.22%. The ex-dividend date is Wednesday, April 23rd. Dynex Capital's payout ratio is currently 138.78%.

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.