Peregrine Capital Management LLC Increases Stock Position in Dynex Capital, Inc. (NYSE:DX)

Peregrine Capital Management LLC lifted its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 15.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 552,260 shares of the real estate investment trust’s stock after acquiring an additional 75,553 shares during the quarter. Peregrine Capital Management LLC’s holdings in Dynex Capital were worth $6,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DX. TrueMark Investments LLC bought a new stake in Dynex Capital during the 2nd quarter worth approximately $1,251,000. Kraft Davis & Associates LLC increased its holdings in Dynex Capital by 22.9% during the 2nd quarter. Kraft Davis & Associates LLC now owns 17,865 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 3,325 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Dynex Capital by 474.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 119,791 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 98,934 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Dynex Capital during the 2nd quarter worth approximately $81,000. Finally, Bank of New York Mellon Corp increased its holdings in Dynex Capital by 26.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 218,120 shares of the real estate investment trust’s stock worth $2,604,000 after acquiring an additional 45,679 shares during the period. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Trading Down 0.1 %

Shares of Dynex Capital stock traded down $0.01 during trading on Friday, reaching $12.60. The company’s stock had a trading volume of 1,193,531 shares, compared to its average volume of 1,380,709. The company has a market cap of $809.02 million, a price-to-earnings ratio of 10.77 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average is $12.18 and its two-hundred day moving average is $12.16. Dynex Capital, Inc. has a 52-week low of $9.57 and a 52-week high of $13.40.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.30). The firm had revenue of $76.05 million for the quarter. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, sell-side analysts anticipate that Dynex Capital, Inc. will post 1 earnings per share for the current year.

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.56 annualized dividend and a yield of 12.38%. Dynex Capital’s payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

DX has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Wednesday. Janney Montgomery Scott initiated coverage on shares of Dynex Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $13.50 price target on the stock. Finally, StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.35.

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.