CenterBook Partners LP Sells 119,548 Shares of Dynex Capital, Inc. (NYSE:DX)

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

A number of other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Dynex Capital by 8.1% in 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 position in shares of Dynex Capital by 567.1% in the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 3,227 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Dynex Capital by 6.9% in the fourth 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 purchasing an additional 42,012 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Dynex Capital in the fourth quarter valued at $1,150,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Dynex Capital in the fourth quarter valued at $1,510,000. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Stock Performance

Dynex Capital stock traded down $0.04 during midday trading on Friday, hitting $12.54. 4,261,497 shares of the company's stock were exchanged, compared to its average volume of 3,511,881. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.52. The stock has a 50-day moving average price of $12.32 and a two-hundred day moving average price of $12.72. The company has a market cap of $1.34 billion, a P/E ratio of 16.29 and a beta of 0.92.

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

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Wednesday, July 23rd will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 16.27%. The ex-dividend date is Wednesday, July 23rd. Dynex Capital's dividend payout ratio (DPR) is currently 264.94%.

Analysts Set New Price Targets

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

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.