Peregrine Capital Management LLC Sells 50,327 Shares of Dynex Capital, Inc. (NYSE:DX)

Peregrine Capital Management LLC lowered its stake in Dynex Capital, Inc. (NYSE:DX - Free Report) by 11.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 405,863 shares of the real estate investment trust's stock after selling 50,327 shares during the period. Peregrine Capital Management LLC owned approximately 0.42% of Dynex Capital worth $5,284,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DX. Sterling Capital Management LLC raised its holdings in Dynex Capital by 838.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,223 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock worth $38,000 after buying an additional 973 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Dynex Capital during the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. lifted its position in shares of Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,700 shares during the period. Finally, US Bancorp DE boosted its stake in Dynex Capital by 567.1% in 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. Institutional investors own 38.34% of the company's stock.

Dynex Capital Price Performance

NYSE:DX traded up $0.05 during trading hours on Tuesday, reaching $12.27. 3,997,137 shares of the stock were exchanged, compared to its average volume of 2,651,137. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52. The firm has a 50 day moving average of $12.20 and a 200 day moving average of $12.71. The stock has a market cap of $1.31 billion, a PE ratio of 15.94 and a beta of 0.94.

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

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 16.63%. Dynex Capital's dividend payout ratio (DPR) is presently 264.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jones Trading cut their price target on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a report on Monday, April 21st. Wall Street Zen lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their target price on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th.

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.