Millennium Management LLC Sells 945,543 Shares of Dynex Capital, Inc. (NYSE:DX)

Millennium Management LLC reduced its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 796,451 shares of the real estate investment trust's stock after selling 945,543 shares during the period. Millennium Management LLC owned 1.00% of Dynex Capital worth $10,075,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dynex Capital by 6.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust's stock valued at $18,053,000 after buying an additional 81,510 shares in the last quarter. FJ Capital Management LLC raised its holdings in Dynex Capital by 26.6% during the fourth quarter. FJ Capital Management LLC now owns 93,068 shares of the real estate investment trust's stock valued at $1,177,000 after buying an additional 19,561 shares in the last quarter. Deutsche Bank AG raised its holdings in Dynex Capital by 61.0% during the fourth quarter. Deutsche Bank AG now owns 58,405 shares of the real estate investment trust's stock valued at $739,000 after buying an additional 22,136 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Dynex Capital during the fourth quarter valued at about $239,000. Finally, Caxton Associates LP bought a new position in Dynex Capital during the fourth quarter valued at about $401,000. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Stock Performance

Shares of Dynex Capital stock traded up $0.09 during trading on Thursday, reaching $12.14. The company's stock had a trading volume of 661,549 shares, compared to its average volume of 3,412,109. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The business's fifty day moving average price is $12.24 and its 200-day moving average price is $12.77. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 8.26 and a beta of 0.92. Dynex Capital, Inc. has a one year low of $10.79 and a one year high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $17.13 million for the quarter, compared to analyst estimates of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. As a group, equities research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be paid a $0.17 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.81%. Dynex Capital's payout ratio is presently 264.94%.

Analyst Ratings Changes

Several research firms have weighed in on DX. Wall Street Zen lowered Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price target on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Jones Trading dropped their price objective on Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.83.

Dynex Capital Company 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.