Clayton Partners LLC Sells 86,135 Shares of Dynex Capital, Inc. (NYSE:DX)

Clayton Partners LLC decreased its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,919 shares of the real estate investment trust’s stock after selling 86,135 shares during the period. Dynex Capital comprises 1.5% of Clayton Partners LLC’s portfolio, making the stock its 27th biggest holding. Clayton Partners LLC’s holdings in Dynex Capital were worth $2,187,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DX. Westend Capital Management LLC increased its holdings 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 buying an additional 919 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares in the last quarter. US Bancorp DE increased its holdings in shares of Dynex Capital by 567.1% in the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 3,227 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Dynex Capital in the third quarter valued at approximately $142,000. Finally, Firethorn Wealth Partners LLC acquired a new stake in shares of Dynex Capital in the fourth quarter valued at approximately $148,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Analysts Set New Price Targets

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

Dynex Capital Stock Up 1.5 %

Dynex Capital stock opened at $14.21 on Friday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.66 and a beta of 1.35. The company’s 50 day simple moving average is $13.33 and its 200 day simple moving average is $12.80. 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 fifty-two week low of $11.36 and a fifty-two week high of $14.52.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data 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 net margin of 35.65% and a negative return on equity of 2.24%. As a group, sell-side analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, March 24th. This represents a $2.04 dividend on an annualized basis and a yield of 14.36%. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s payout ratio is currently 138.78%.

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.