Peregrine Capital Management LLC Cuts Holdings in Dynex Capital, Inc. (NYSE:DX)

Peregrine Capital Management LLC cut its position in Dynex Capital, Inc. (NYSE:DX - Free Report) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 505,388 shares of the real estate investment trust's stock after selling 166,796 shares during the quarter. Peregrine Capital Management LLC owned 0.89% of Dynex Capital worth $6,327,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC lifted its holdings in Dynex Capital by 2,294.0% in the first quarter. Schonfeld Strategic Advisors LLC now owns 1,120,380 shares of the real estate investment trust's stock valued at $13,579,000 after buying an additional 1,073,580 shares during the period. Millennium Management LLC acquired a new position in shares of Dynex Capital during the second quarter worth approximately $15,107,000. Balyasny Asset Management LLC lifted its holdings in shares of Dynex Capital by 105.9% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust's stock worth $17,014,000 after purchasing an additional 751,053 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Dynex Capital by 84.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,127,014 shares of the real estate investment trust's stock valued at $14,110,000 after buying an additional 516,898 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Dynex Capital by 3,181.2% during the second quarter. Goldman Sachs Group Inc. now owns 492,581 shares of the real estate investment trust's stock worth $7,842,000 after acquiring an additional 477,569 shares in the last quarter. Institutional investors own 38.34% of the company's stock.

Dynex Capital Stock Performance

NYSE:DX traded up $0.05 during trading on Thursday, reaching $11.73. The company's stock had a trading volume of 1,726,550 shares, compared to its average volume of 1,236,792. Dynex Capital, Inc. has a 12 month low of $9.57 and a 12 month high of $13.56. The firm has a market cap of $693.59 million, a price-to-earnings ratio of -41.89 and a beta of 1.33. The firm has a 50 day moving average of $12.28 and a 200-day moving average of $11.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.16.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The company had revenue of $71.19 million during the quarter.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 22nd were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 21st. This represents a $1.56 annualized dividend and a dividend yield of 13.30%. Dynex Capital's payout ratio is currently -557.12%.

Analyst Ratings Changes

Several analysts have recently commented on DX shares. Keefe, Bruyette & Woods increased their price objective on Dynex Capital from $11.00 to $13.50 and gave the stock an "outperform" rating in a research note on Wednesday, December 13th. Jonestrading raised their price objective on Dynex Capital from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Finally, StockNews.com upgraded shares of Dynex Capital to a "sell" rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.33.

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.