Legato Capital Management LLC Has $408,000 Holdings in Dynex Capital, Inc. (NYSE:DX)

Legato Capital Management LLC cut its holdings in Dynex Capital, Inc. (NYSE:DX) by 37.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,281 shares of the real estate investment trust’s stock after selling 19,253 shares during the quarter. Legato Capital Management LLC’s holdings in Dynex Capital were worth $408,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Dynex Capital by 7.0% during the third quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock worth $26,704,000 after acquiring an additional 136,776 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynex Capital by 17.5% during the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after acquiring an additional 253,660 shares in the last quarter. State Street Corp increased its holdings in shares of Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock valued at $19,977,000 after acquiring an additional 44,302 shares in the last quarter. FMR LLC increased its holdings in shares of Dynex Capital by 6.6% during the third quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust’s stock valued at $17,250,000 after acquiring an additional 83,919 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Dynex Capital by 0.8% during the third quarter. Van ECK Associates Corp now owns 724,876 shares of the real estate investment trust’s stock valued at $9,126,000 after buying an additional 5,725 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Up 2.3 %

DX stock opened at $13.78 on Friday. The stock’s fifty day simple moving average is $12.76 and its two-hundred day simple moving average is $12.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 1-year low of $11.36 and a 1-year high of $13.82. The stock has a market cap of $1.09 billion, a P/E ratio of 9.37 and a beta of 1.31.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.07%. Dynex Capital’s dividend payout ratio is presently 122.45%.

Wall Street Analyst Weigh In

DX has been the topic of several analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

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.