Mesirow Institutional Investment Management Inc. Boosts Stake in Dynex Capital, Inc. (NYSE:DX)

Mesirow Institutional Investment Management Inc. increased its position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,059,976 shares of the real estate investment trust's stock after acquiring an additional 239,053 shares during the period. Mesirow Institutional Investment Management Inc. owned about 1.34% of Dynex Capital worth $13,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of DX. Sterling Capital Management LLC grew its position in Dynex Capital by 838.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock worth $31,000 after buying an additional 2,223 shares in the last quarter. Westend Capital Management LLC grew its stake in shares of Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 919 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Dynex Capital in the fourth quarter worth about $43,000. PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 1,700 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock worth $48,000 after buying an additional 3,227 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jones Trading reduced their price target on Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research report on Monday. StockNews.com lowered Dynex Capital from a "hold" rating to a "sell" rating in a report on Thursday. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Finally, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.83.

Dynex Capital Trading Up 2.0 %

Dynex Capital stock traded up $0.24 during mid-day trading on Friday, hitting $12.22. The company's stock had a trading volume of 1,757,728 shares, compared to its average volume of 2,269,405. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 8.30 and a beta of 1.14. The business has a 50 day moving average price of $13.09 and a 200-day moving average price of $12.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital, Inc. has a 12 month low of $10.79 and a 12 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, topping 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 firm had revenue of $17.13 million during the quarter, compared to analyst estimates of $11.41 million. As a group, analysts forecast 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 Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be paid a $0.17 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $2.04 annualized dividend and a dividend yield of 16.70%. Dynex Capital's dividend payout ratio (DPR) is 138.78%.

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.