Victory Capital Management Inc. Sells 64,699 Shares of Dynex Capital, Inc. (NYSE:DX)

Victory Capital Management Inc. lowered its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,028,109 shares of the real estate investment trust's stock after selling 64,699 shares during the quarter. Victory Capital Management Inc. owned approximately 2.56% of Dynex Capital worth $25,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC grew 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 worth $43,000 after buying an additional 919 shares in the last quarter. US Bancorp DE boosted its position in Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 3,227 shares during the last quarter. Hilton Capital Management LLC bought a new position in Dynex Capital in the third quarter valued at approximately $142,000. Firethorn Wealth Partners LLC acquired a new position in shares of Dynex Capital during the 4th quarter worth approximately $148,000. Finally, Walleye Capital LLC bought a new stake in shares of Dynex Capital during the 3rd quarter worth approximately $155,000. 38.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Dynex Capital Stock Up 1.5 %

NYSE DX traded up $0.22 during mid-day trading on Friday, hitting $14.21. The company's stock had a trading volume of 2,248,330 shares, compared to its average volume of 1,878,265. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.66 and a beta of 1.35. The company's 50 day simple moving average is $13.30 and its 200 day simple moving average is $12.78. The company has a current ratio of 1.20, a quick 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 issued its quarterly earnings data 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%. Analysts anticipate 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. Stockholders of record on Monday, March 24th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.04 annualized dividend and a dividend yield of 14.36%. This is a positive change from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's dividend payout ratio (DPR) is presently 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.