Peregrine Capital Management LLC Trims Position in Dynex Capital, Inc. (NYSE:DX)

Peregrine Capital Management LLC trimmed its stake in Dynex Capital, Inc. (NYSE:DX) by 3.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 456,190 shares of the real estate investment trust’s stock after selling 16,451 shares during the period. Peregrine Capital Management LLC’s holdings in Dynex Capital were worth $5,771,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of Dynex Capital by 1,152.5% during the third quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock valued at $5,187,000 after buying an additional 374,074 shares during the period. Geode Capital Management LLC grew its holdings in Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after acquiring an additional 253,660 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Dynex Capital by 933.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust’s stock worth $2,875,000 after acquiring an additional 203,494 shares in the last quarter. Quest Partners LLC purchased a new position in Dynex Capital during the 3rd quarter valued at about $2,527,000. Finally, Barclays PLC raised its holdings in shares of Dynex Capital by 833.2% in the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after purchasing an additional 195,400 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Stock Down 0.7 %

Shares of DX stock opened at $13.70 on Wednesday. The stock’s fifty day moving average price is $12.80 and its 200 day moving average price is $12.57. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.32 and a beta of 1.31. 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 1-year low of $11.36 and a 1-year high of $13.85.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results 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 net margin of 35.65% and a negative return on equity of 2.24%. On average, research analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 13.14%. The ex-dividend date of this dividend is Monday, February 24th. Dynex Capital’s dividend payout ratio (DPR) is 122.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in 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 restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.