Corient Private Wealth LLC Sells 4,264 Shares of Dynex Capital, Inc. (NYSE:DX)

Corient Private Wealth LLC reduced its stake in Dynex Capital, Inc. (NYSE:DX) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,639 shares of the real estate investment trust’s stock after selling 4,264 shares during the quarter. Corient Private Wealth LLC’s holdings in Dynex Capital were worth $299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Dynex Capital in the third quarter worth $211,000. Charles Schwab Investment Management Inc. lifted its position in Dynex Capital by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,120 shares of the real estate investment trust’s stock worth $7,785,000 after buying an additional 101,948 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Dynex Capital by 8.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 1,950 shares during the last quarter. FMR LLC grew its holdings in shares of Dynex Capital by 6.6% in the 3rd quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust’s stock valued at $17,250,000 after acquiring an additional 83,919 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Dynex Capital by 147.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 24,139 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Down 0.2 %

DX opened at $13.03 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $13.61 and its 200 day simple moving average is $12.89. Dynex Capital, Inc. has a 1-year low of $11.36 and a 1-year high of $14.52. The stock has a market cap of $1.18 billion, a PE ratio of 8.86 and a beta of 1.35.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. As a group, research analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 15.66%. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio (DPR) is 138.78%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.56.

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.