Dynex Capital, Inc. (NYSE:DX) Shares Sold by Family Capital Management Inc.

Family Capital Management Inc. lessened its holdings in Dynex Capital, Inc. (NYSE:DX) by 54.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,974 shares of the real estate investment trust’s stock after selling 22,845 shares during the quarter. Family Capital Management Inc.’s holdings in Dynex Capital were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DX. State of Wyoming purchased a new position in Dynex Capital in the fourth quarter valued at $30,000. FMR LLC increased its holdings in Dynex Capital by 141.0% during the 1st quarter. FMR LLC now owns 3,210 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,878 shares during the period. Clear Street Markets LLC acquired a new stake in Dynex Capital in the 4th quarter valued at about $39,000. PNC Financial Services Group Inc. boosted its stake in shares of Dynex Capital by 1,862.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,551 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Dynex Capital by 432.6% during the third quarter. Tower Research Capital LLC TRC now owns 7,334 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 5,957 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jonestrading boosted their price target on shares of Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Compass Point initiated coverage on Dynex Capital in a report on Friday, April 12th. They issued a “buy” rating and a $14.50 target price on the stock. StockNews.com raised Dynex Capital to a “sell” rating in a report on Tuesday, December 26th. Finally, JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.63.

Dynex Capital Price Performance

DX traded down $0.04 during trading on Thursday, reaching $11.48. 1,028,971 shares of the stock were exchanged, compared to its average volume of 1,242,482. Dynex Capital, Inc. has a 1 year low of $9.57 and a 1 year high of $13.56. The company has a market capitalization of $678.81 million, a price-to-earnings ratio of -41.43 and a beta of 1.33. The business’s 50 day moving average price is $12.23 and its two-hundred day moving average price is $11.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The business had revenue of $71.19 million during the quarter.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 13.59%. The ex-dividend date of this dividend is Monday, April 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently -557.12%.

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.