Dynex Capital, Inc. (NYSE:DX) Shares Acquired by TrueMark Investments LLC

TrueMark Investments LLC raised its holdings in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 60.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,360 shares of the real estate investment trust's stock after purchasing an additional 68,845 shares during the period. TrueMark Investments LLC owned about 0.19% of Dynex Capital worth $2,387,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BayBridge Capital Group LLC acquired a new position in shares of Dynex Capital during the first quarter valued at $319,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Dynex Capital during the first quarter valued at $192,000. Firethorn Wealth Partners LLC boosted its holdings in shares of Dynex Capital by 35.1% during the first quarter. Firethorn Wealth Partners LLC now owns 15,796 shares of the real estate investment trust's stock valued at $206,000 after acquiring an additional 4,107 shares during the period. Rhumbline Advisers boosted its holdings in shares of Dynex Capital by 1.6% during the first quarter. Rhumbline Advisers now owns 109,285 shares of the real estate investment trust's stock valued at $1,423,000 after acquiring an additional 1,715 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Dynex Capital by 3,682.2% during the first quarter. GAMMA Investing LLC now owns 15,507 shares of the real estate investment trust's stock valued at $202,000 after acquiring an additional 15,097 shares during the period. Institutional investors own 38.34% of the company's stock.

Analyst Ratings Changes

DX has been the subject of several analyst reports. Wall Street Zen downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Jones Trading reduced 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th.

Dynex Capital Trading Up 1.5%

DX stock traded up $0.18 during trading on Thursday, hitting $12.20. The company had a trading volume of 4,125,653 shares, compared to its average volume of 2,622,532. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.85 and a beta of 0.93. The business has a 50 day moving average of $12.17 and a 200 day moving average of $12.72. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. The business had revenue of $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. Dynex Capital had a net margin of 20.61% and a return on equity of 1.59%. As a group, equities analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 23rd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 16.72%. The ex-dividend date of this dividend is Monday, June 23rd. Dynex Capital's payout ratio is currently 264.94%.

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.