TrueMark Investments LLC Lowers Stock Position in Dynex Capital, Inc. (NYSE:DX)

TrueMark Investments LLC cut its position in shares of Dynex Capital, Inc. (NYSE:DX) by 39.1% during the 4th quarter, Holdings Channel reports. The firm owned 114,515 shares of the real estate investment trust’s stock after selling 73,487 shares during the quarter. TrueMark Investments LLC’s holdings in Dynex Capital were worth $1,449,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Dynex Capital by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock valued at $54,615,000 after buying an additional 260,798 shares during the last quarter. Geode Capital Management LLC raised its stake in Dynex Capital by 17.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after acquiring an additional 253,660 shares during the period. Barclays PLC lifted its holdings in Dynex Capital by 833.2% during the third 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Dynex Capital by 95.6% during the third quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust’s stock worth $4,978,000 after purchasing an additional 190,626 shares during the period. Finally, Van ECK Associates Corp boosted its position in Dynex Capital by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust’s stock worth $11,045,000 after purchasing an additional 148,235 shares during the period. 38.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on DX shares. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reissued 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 given a buy rating to the stock. According to MarketBeat, Dynex Capital currently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

DX stock opened at $13.59 on Wednesday. The firm has a 50 day moving average of $13.56 and a 200-day moving average of $12.87. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.24 and a beta of 1.35. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $14.52. 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 (NYSE:DX) last announced 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%. As a group, sell-side analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a $0.17 dividend. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a yield of 15.01%. The ex-dividend date is Monday, March 24th. Dynex Capital’s dividend payout ratio is currently 138.78%.

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.