Nisa Investment Advisors LLC Sells 5,932 Shares of Dynex Capital, Inc. (NYSE:DX)

Nisa Investment Advisors LLC cut its position in shares of Dynex Capital, Inc. (NYSE:DX) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,663 shares of the real estate investment trust’s stock after selling 5,932 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dynex Capital were worth $296,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DX. American International Group Inc. grew its position in Dynex Capital by 3.7% during the fourth quarter. American International Group Inc. now owns 21,565 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 778 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Dynex Capital by 5.4% during the 4th quarter. Raymond James & Associates now owns 16,347 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 839 shares during the last quarter. GSA Capital Partners LLP raised its position in Dynex Capital by 1.9% in the 3rd quarter. GSA Capital Partners LLP now owns 55,134 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 1,005 shares during the period. Wells Fargo & Company MN lifted its stake in Dynex Capital by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 21,180 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Tudor Investment Corp Et Al boosted its position in Dynex Capital by 0.9% during the second quarter. Tudor Investment Corp Et Al now owns 135,773 shares of the real estate investment trust’s stock valued at $1,709,000 after buying an additional 1,228 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DX has been the topic of several analyst reports. Jonestrading lifted their price objective on Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Compass Point initiated coverage on Dynex Capital in a research note on Friday, April 12th. They issued a “buy” rating and a $14.50 price target on the stock. StockNews.com raised Dynex Capital to a “sell” rating in a research note on Tuesday, December 26th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Dynex Capital has a consensus rating of “Hold” and an average target price of $13.63.

Dynex Capital Price Performance

DX stock opened at $11.49 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. Dynex Capital, Inc. has a 1 year low of $9.57 and a 1 year high of $13.56. The firm has a 50-day moving average of $12.22 and a 200 day moving average of $11.93. The company has a market cap of $679.11 million, a P/E ratio of -41.02 and a beta of 1.33.

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

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.58%. The ex-dividend date is Monday, April 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently -557.12%.

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.