Clayton Partners LLC Sells 60,000 Shares of Dynex Capital, Inc. $DX

Clayton Partners LLC reduced its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 57.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,000 shares of the real estate investment trust’s stock after selling 60,000 shares during the quarter. Clayton Partners LLC’s holdings in Dynex Capital were worth $553,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Dynex Capital by 54.6% during the 1st quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 36,455 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Dynex Capital by 86.7% in the first quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock valued at $10,474,000 after purchasing an additional 373,610 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Dynex Capital during the 2nd quarter worth about $310,000. MQS Management LLC bought a new stake in shares of Dynex Capital during the 2nd quarter worth about $412,000. Finally, Nisa Investment Advisors LLC grew its stake in Dynex Capital by 53.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 38,553 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 13,417 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Up 0.9%

Shares of DX opened at $14.14 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.93. The firm’s 50 day moving average is $14.08 and its 200-day moving average is $13.39. The stock has a market capitalization of $2.47 billion, a PE ratio of 6.93 and a beta of 0.98.

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

Dynex Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About Dynex Capital

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.