Centaurus Financial Inc. Sells 4,294 Shares of Dynex Capital, Inc. (NYSE:DX)

Centaurus Financial Inc. lowered its position in Dynex Capital, Inc. (NYSE:DX) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,392 shares of the real estate investment trust’s stock after selling 4,294 shares during the period. Centaurus Financial Inc.’s holdings in Dynex Capital were worth $3,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Dynex Capital by 3.1% during the 2nd quarter. International Assets Investment Management LLC now owns 32,458 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 972 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Dynex Capital by 8.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 1,330 shares during the period. Signaturefd LLC raised its holdings in Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,661 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Dynex Capital by 15.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 2,134 shares during the period. Finally, Kraft Davis & Associates LLC raised its holdings in Dynex Capital by 22.9% during the second quarter. Kraft Davis & Associates LLC now owns 17,865 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 3,325 shares during the period. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of DX opened at $12.39 on Friday. The firm has a market capitalization of $982.53 million, a PE ratio of 9.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital, Inc. has a 1-year low of $11.11 and a 1-year high of $13.13. The company’s fifty day moving average price is $12.46 and its 200-day moving average price is $12.29.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. The company had revenue of $83.46 million for the quarter, compared to analysts’ expectations of $4.92 million. During the same period last year, the firm earned ($0.28) earnings per share. On average, equities research analysts predict that Dynex Capital, Inc. will post 1.03 EPS for the current year.

Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 14.53%. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 22nd. Dynex Capital’s dividend payout ratio is presently 123.81%.

Analyst Ratings Changes

DX has been the topic of a number of recent analyst reports. StockNews.com cut Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.35.

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.