TrueMark Investments LLC Sells 73,487 Shares of Dynex Capital, Inc. (NYSE:DX)

TrueMark Investments LLC reduced its position in Dynex Capital, Inc. (NYSE:DX) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,515 shares of the real estate investment trust’s stock after selling 73,487 shares during the quarter. TrueMark Investments LLC owned approximately 0.14% of Dynex Capital worth $1,449,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock valued at $54,615,000 after acquiring an additional 260,798 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Dynex Capital by 17.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after purchasing an additional 253,660 shares during the period. State Street Corp boosted its position in shares of Dynex Capital by 2.9% during the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock valued at $19,977,000 after purchasing an additional 44,302 shares in the last quarter. FMR LLC grew its stake in Dynex Capital by 6.6% during the third quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust’s stock worth $17,250,000 after purchasing an additional 83,919 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Dynex Capital by 20.4% in the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust’s stock worth $11,045,000 after purchasing an additional 148,235 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DX has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.56.

Dynex Capital Stock Performance

NYSE DX opened at $13.59 on Wednesday. The company has a market cap of $1.23 billion, a P/E ratio of 9.24 and a beta of 1.35. The company has a fifty day simple moving average of $13.56 and a 200 day simple moving average of $12.87. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month 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%. Sell-side analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a dividend yield of 15.01%. Dynex Capital’s dividend payout ratio is 138.78%.

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.