CenterBook Partners LP Decreases Holdings in Dynex Capital, Inc. (NYSE:DX)

CenterBook Partners LP reduced its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 31.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,727 shares of the real estate investment trust's stock after selling 119,548 shares during the period. CenterBook Partners LP owned about 0.25% of Dynex Capital worth $3,460,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in shares of Dynex Capital by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 194,867 shares of the real estate investment trust's stock valued at $2,465,000 after purchasing an additional 14,548 shares in the last quarter. US Bancorp DE grew its holdings in Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 3,227 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Dynex Capital by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock valued at $8,249,000 after buying an additional 42,012 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Dynex Capital during the 4th quarter valued at approximately $1,150,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Dynex Capital in the 4th quarter worth approximately $1,510,000. 38.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DX. Keefe, Bruyette & Woods raised their price target on Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen downgraded Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. UBS Group reissued a "neutral" rating and issued a $12.50 price target (up previously from $11.00) on shares of Dynex Capital in a report on Thursday, July 10th. Finally, Jones Trading lowered their price target on Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.67.

Dynex Capital Price Performance

NYSE:DX opened at $12.66 on Tuesday. The business's 50-day moving average is $12.30 and its two-hundred day moving average is $12.72. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The firm has a market capitalization of $1.36 billion, a PE ratio of 16.45 and a beta of 0.92.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. Dynex Capital had a return on equity of 1.59% and a net margin of 20.61%. The business had revenue of $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. Equities analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 16.12%. The ex-dividend date of this dividend is Wednesday, July 23rd. Dynex Capital's dividend payout ratio is currently 264.94%.

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.

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