Dynex Capital, Inc. (NYSE:DX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 30.3% during the third quarter, HoldingsChannel reports. The firm owned 26,935 shares of the real estate investment trust’s stock after selling 11,728 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dynex Capital were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of DX. Signaturefd LLC boosted its position in Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,661 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Dynex Capital during the 2nd quarter valued at approximately $81,000. ProShare Advisors LLC purchased a new stake in shares of Dynex Capital in the 1st quarter valued at $126,000. Squarepoint Ops LLC acquired a new stake in shares of Dynex Capital in the second quarter worth $128,000. Finally, Creative Planning purchased a new position in shares of Dynex Capital during the third quarter worth $175,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Price Performance

Dynex Capital stock opened at $12.31 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The company’s fifty day moving average price is $12.49 and its 200 day moving average price is $12.25. The stock has a market capitalization of $975.79 million, a P/E ratio of 9.77 and a beta of 1.32. Dynex Capital, Inc. has a 1 year low of $10.61 and a 1 year high of $13.13.

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

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.63%. Dynex Capital’s payout ratio is currently 123.81%.

Analysts Set New Price Targets

DX has been the topic of several analyst reports. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.