PVG Asset Management Corp Sells 34,384 Shares of Dynex Capital, Inc. (NYSE:DX)

PVG Asset Management Corp decreased its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 portfolio, making the stock its 19th largest holding. PVG Asset Management Corp's holdings in Dynex Capital were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DX. Vanguard Group Inc. grew its holdings in shares of Dynex Capital by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock worth $54,615,000 after purchasing an additional 260,798 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dynex Capital by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock worth $23,256,000 after purchasing an additional 136,280 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dynex Capital by 6.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust's stock worth $18,053,000 after purchasing an additional 81,510 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Dynex Capital by 9.4% in the 4th quarter. Invesco Ltd. now owns 1,270,019 shares of the real estate investment trust's stock worth $16,066,000 after purchasing an additional 108,747 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. grew its holdings in shares of Dynex Capital by 29.1% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust's stock worth $13,409,000 after purchasing an additional 239,053 shares during the last quarter. Institutional investors own 38.34% of the company's stock.

Dynex Capital Stock Performance

Shares of NYSE DX traded down $0.02 during trading on Friday, reaching $12.10. 1,680,533 shares of the company traded hands, compared to its average volume of 2,479,343. The firm has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $12.76. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.52. 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 stock has a market capitalization of $1.30 billion, a PE ratio of 8.23 and a beta of 0.92.

Dynex Capital (NYSE:DX - Get Free Report) last released its 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 net margin of 35.65% and a negative return on equity of 2.24%. The company had revenue of $17.13 million for the quarter, compared to analysts' expectations of $11.41 million. Equities research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 16.87%. The ex-dividend date of this dividend is Friday, May 23rd. Dynex Capital's payout ratio is 264.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DX. Jones Trading decreased their price objective 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 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, Wall Street Zen cut Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dynex Capital has an average rating of "Hold" and an average target price 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.