CenterBook Partners LP Sells 203,343 Shares of Dynex Capital, Inc. $DX

CenterBook Partners LP decreased its holdings in Dynex Capital, Inc. (NYSE:DX) by 75.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 65,228 shares of the real estate investment trust’s stock after selling 203,343 shares during the period. CenterBook Partners LP’s holdings in Dynex Capital were worth $802,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DX. Vanguard Group Inc. raised its position in Dynex Capital by 21.3% in the third quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock worth $92,345,000 after purchasing an additional 1,318,236 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dynex Capital by 26.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,525,805 shares of the real estate investment trust’s stock valued at $30,870,000 after purchasing an additional 521,530 shares during the period. Algebris UK Ltd. raised its holdings in shares of Dynex Capital by 69.2% in the 3rd quarter. Algebris UK Ltd. now owns 1,669,288 shares of the real estate investment trust’s stock worth $20,500,000 after buying an additional 682,655 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Dynex Capital by 5.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,625,940 shares of the real estate investment trust’s stock worth $19,870,000 after buying an additional 77,481 shares during the period. Finally, Invesco Ltd. boosted its stake in Dynex Capital by 10.6% in the 2nd quarter. Invesco Ltd. now owns 1,486,693 shares of the real estate investment trust’s stock valued at $18,167,000 after buying an additional 142,360 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

Dynex Capital Trading Up 0.9%

DX stock opened at $14.14 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.93. The company has a market cap of $2.47 billion, a P/E ratio of 6.93 and a beta of 0.98. The business has a fifty day moving average of $14.08 and a 200-day moving average of $13.38.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The firm had revenue of $202.00 million during the quarter, compared to the consensus estimate of $59.41 million. Dynex Capital had a net margin of 59.80% and a return on equity of 7.72%. As a group, equities research analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 23rd will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Monday, February 23rd. Dynex Capital’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JonesTrading increased their price objective on Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.33.

Dynex Capital Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.