Dynex Capital, Inc. (NYSE:DX) Stake Lessened by Clayton Partners LLC

Clayton Partners LLC lowered its holdings in Dynex Capital, Inc. (NYSE:DX) by 33.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,919 shares of the real estate investment trust’s stock after selling 86,135 shares during the period. Dynex Capital makes up 1.5% of Clayton Partners LLC’s portfolio, making the stock its 27th biggest position. Clayton Partners LLC owned about 0.22% of Dynex Capital worth $2,187,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Westend Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 919 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of Dynex Capital by 4.7% in the fourth quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 950 shares in the last quarter. Cambridge Advisors Inc. increased its stake in shares of Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 1,300 shares during the last quarter. PNC Financial Services Group Inc. increased 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. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Dynex Capital by 8.2% in the third quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 1,950 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Up 1.5 %

DX stock opened at $14.21 on Friday. 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 52-week low of $11.36 and a 52-week high of $14.52. The company has a 50-day moving average of $13.33 and a two-hundred day moving average of $12.80. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.66 and a beta of 1.35.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, equities research analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 14.36%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio (DPR) is presently 138.78%.

Analysts Set New Price Targets

DX has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.