Nicholas Investment Partners LP Decreases Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Nicholas Investment Partners LP reduced its holdings in Dynex Capital, Inc. (NYSE:DX) by 40.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,476 shares of the real estate investment trust’s stock after selling 158,969 shares during the period. Nicholas Investment Partners LP’s holdings in Dynex Capital were worth $3,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Westend Capital Management LLC lifted its holdings in shares of Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 919 shares during the last quarter. Founders Financial Alliance LLC increased its stake in Dynex Capital by 4.7% during the fourth quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 950 shares during the last quarter. Cambridge Advisors Inc. raised its position in Dynex Capital by 7.6% during the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 1,300 shares during the period. PDS Planning Inc lifted its stake in shares of Dynex Capital by 10.8% in the 4th quarter. PDS Planning Inc now owns 15,822 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 1,536 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,700 shares during the period. 38.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DX. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a report on Thursday, April 24th. Jones Trading lowered their price objective on shares of Dynex Capital from $13.25 to $12.50 and set a “buy” rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Dynex Capital from $13.25 to $12.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Dynex Capital presently has a consensus rating of “Hold” and a consensus price target of $12.83.

Dynex Capital Price Performance

NYSE DX opened at $12.56 on Wednesday. The company has a market cap of $1.35 billion, a PE ratio of 8.54 and a beta of 0.92. Dynex Capital, Inc. has a 52-week low of $10.79 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s 50 day moving average price is $12.67 and its 200-day moving average price is $12.78.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $17.13 million for the quarter, compared to the consensus estimate of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Sell-side analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd were given a $0.17 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $2.04 dividend on an annualized basis and a yield of 16.24%. Dynex Capital’s dividend payout ratio is currently 264.94%.

Dynex Capital Company 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.