Peregrine Capital Management LLC Sells 13,156 Shares of Dynex Capital, Inc. $DX

Peregrine Capital Management LLC decreased its position in Dynex Capital, Inc. (NYSE:DX) by 3.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 392,707 shares of the real estate investment trust’s stock after selling 13,156 shares during the period. Peregrine Capital Management LLC owned about 0.30% of Dynex Capital worth $4,799,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake in Dynex Capital by 130,013.1% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust’s stock valued at $242,772,000 after acquiring an additional 19,130,122 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Dynex Capital by 122.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 15,100 shares in the last quarter. Millennium Management LLC lifted its stake in Dynex Capital by 311.4% in the 1st quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust’s stock valued at $42,664,000 after acquiring an additional 2,480,330 shares in the last quarter. Amalgamated Bank lifted its stake in Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 973 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Dynex Capital by 4.8% in the 1st quarter. Northern Trust Corp now owns 759,630 shares of the real estate investment trust’s stock valued at $9,890,000 after acquiring an additional 34,765 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Down 0.6%

NYSE:DX opened at $13.50 on Wednesday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.12 and a beta of 0.92. Dynex Capital, Inc. has a twelve month low of $10.79 and a twelve month high of $14.52. The stock’s 50 day moving average price is $12.72 and its two-hundred day moving average price is $12.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.19). The company had revenue of $30.61 million for the quarter, compared to analyst estimates of $32.06 million. Dynex Capital had a return on equity of 7.37% and a net margin of 41.53%. Equities research analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 23rd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 15.1%. Dynex Capital’s payout ratio is presently 137.84%.

Insider Buying and Selling

In other Dynex Capital news, CFO Robert S. Colligan bought 4,200 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of $12.12 per share, with a total value of $50,904.00. Following the acquisition, the chief financial officer owned 120,857 shares of the company’s stock, valued at $1,464,786.84. The trade was a 3.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Smriti Laxman Popenoe bought 4,260 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the acquisition, the chief executive officer directly owned 407,338 shares in the company, valued at $4,953,230.08. The trade was a 1.06% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DX has been the topic of several research reports. Jones Trading restated a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research note on Monday, October 20th. UBS Group set a $13.25 price target on Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dynex Capital in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Dynex Capital presently has an average rating of “Hold” and a consensus target price of $13.42.

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.