PVG Asset Management Corp Has $500,000 Stake in Dynex Capital, Inc. (NYSE:DX)

PVG Asset Management Corp reduced its holdings in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 46.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,496 shares of the real estate investment trust's stock after selling 34,384 shares during the quarter. Dynex Capital makes up approximately 2.4% of PVG Asset Management Corp's holdings, making the stock its 19th biggest position. PVG Asset Management Corp's holdings in Dynex Capital were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DX. Barclays PLC grew its holdings in shares of Dynex Capital by 833.2% in the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after acquiring an additional 195,400 shares in the last quarter. SG Americas Securities LLC grew its stake in Dynex Capital by 35.5% in the fourth quarter. SG Americas Securities LLC now owns 34,668 shares of the real estate investment trust's stock valued at $439,000 after purchasing an additional 9,092 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Dynex Capital in the fourth quarter valued at approximately $456,000. Firethorn Wealth Partners LLC acquired a new position in shares of Dynex Capital during the 4th quarter worth approximately $148,000. Finally, Longboard Asset Management LP bought a new stake in shares of Dynex Capital during the 4th quarter worth approximately $220,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DX. Jones Trading lowered their target price on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Dynex Capital presently has an average rating of "Hold" and an average price target of $12.83.

Dynex Capital Stock Performance

Shares of NYSE DX traded up $0.07 during midday trading on Thursday, hitting $12.12. 3,152,404 shares of the company's stock were exchanged, compared to its average volume of 2,474,705. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.30 billion, a PE ratio of 8.24 and a beta of 0.92. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 month high of $14.52. The company's 50 day moving average price is $12.24 and its 200 day moving average price is $12.77.

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

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 16.84%. The ex-dividend date is Friday, May 23rd. Dynex Capital's payout ratio is 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.