TrueMark Investments LLC Boosts Holdings in Dynex Capital, Inc. (NYSE:DX)

TrueMark Investments LLC lifted its stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 60.1% during the 1st quarter, according to the company in its most recent filing 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 0.19% of Dynex Capital worth $2,387,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DX. Founders Financial Alliance LLC increased its position in shares of Dynex Capital by 4.7% during the fourth quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust's stock valued at $268,000 after acquiring an additional 950 shares during the last quarter. PDS Planning Inc raised its position in Dynex Capital by 10.8% in the fourth quarter. PDS Planning Inc now owns 15,822 shares of the real estate investment trust's stock valued at $200,000 after purchasing an additional 1,536 shares during the period. PNC Financial Services Group Inc. lifted its stake in Dynex Capital by 87.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,700 shares in the last quarter. Rhumbline Advisers lifted its stake in Dynex Capital by 1.6% during the first quarter. Rhumbline Advisers now owns 109,285 shares of the real estate investment trust's stock worth $1,423,000 after purchasing an additional 1,715 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its position in shares of Dynex Capital by 11.6% during the fourth quarter. Kovack Advisors Inc. now owns 19,585 shares of the real estate investment trust's stock worth $248,000 after buying an additional 2,043 shares during the period. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Price Performance

Shares of NYSE DX traded down $0.17 during midday trading on Monday, hitting $12.01. 4,786,294 shares of the company's stock were exchanged, compared to its average volume of 2,595,939. The firm's fifty day simple moving average is $12.14 and its 200-day simple moving average is $12.74. The company has a market cap of $1.29 billion, a PE ratio of 15.60 and a beta of 0.94. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52.

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

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.17 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.04 annualized dividend and a dividend yield of 16.99%. Dynex Capital's payout ratio is currently 264.94%.

Analyst Ratings Changes

DX has been the topic of a number of recent research reports. Jones Trading cut their price target on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Wall Street Zen lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday, April 24th.

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.