Family Capital Management Inc. Has $238,000 Stake in Dynex Capital, Inc. (NYSE:DX)

Family Capital Management Inc. lessened its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 54.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,974 shares of the real estate investment trust’s stock after selling 22,845 shares during the quarter. Family Capital Management Inc.’s holdings in Dynex Capital were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming bought a new stake in shares of Dynex Capital in the fourth quarter worth $30,000. FMR LLC boosted its stake in shares of Dynex Capital by 141.0% during the 1st quarter. FMR LLC now owns 3,210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,878 shares during the last quarter. Clear Street Markets LLC bought a new position in shares of Dynex Capital in the 4th quarter valued at about $39,000. PNC Financial Services Group Inc. increased its position in shares of Dynex Capital by 1,862.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,551 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Dynex Capital by 432.6% during the third quarter. Tower Research Capital LLC TRC now owns 7,334 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 5,957 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Down 0.3 %

DX stock traded down $0.04 during midday trading on Thursday, reaching $11.48. 1,028,971 shares of the company’s stock traded hands, compared to its average volume of 1,242,482. Dynex Capital, Inc. has a 52 week low of $9.57 and a 52 week high of $13.56. The company has a market cap of $678.81 million, a price-to-earnings ratio of -41.43 and a beta of 1.33. The firm’s fifty day moving average price is $12.23 and its 200-day moving average price is $11.93. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The firm had revenue of $71.19 million for the quarter. Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 23rd will be paid a $0.13 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.56 annualized dividend and a dividend yield of 13.59%. Dynex Capital’s payout ratio is presently -557.12%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday. StockNews.com upgraded shares of Dynex Capital to a “sell” rating in a research note on Tuesday, December 26th. Jonestrading increased their target price on shares of Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, Compass Point started coverage on shares of Dynex Capital in a research note on Friday, April 12th. They issued a “buy” rating and a $14.50 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.63.

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.