Peregrine Capital Management LLC Has $6.59 Million Stake in Dynex Capital, Inc. (NYSE:DX)

Peregrine Capital Management LLC raised its stake in Dynex Capital, Inc. (NYSE:DX) by 15.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 552,260 shares of the real estate investment trust’s stock after acquiring an additional 75,553 shares during the period. Peregrine Capital Management LLC owned about 0.86% of Dynex Capital worth $6,594,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new position in Dynex Capital in the first quarter valued at about $35,000. Allspring Global Investments Holdings LLC bought a new position in Dynex Capital in the second quarter valued at approximately $81,000. Valley Brook Capital Group Inc. bought a new position in shares of Dynex Capital during the 1st quarter worth approximately $103,000. ProShare Advisors LLC bought a new position in shares of Dynex Capital during the 1st quarter worth approximately $126,000. Finally, Kraft Davis & Associates LLC acquired a new stake in Dynex Capital during the 1st quarter worth approximately $181,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

NYSE:DX traded down $0.01 during trading hours on Friday, reaching $12.60. The stock had a trading volume of 1,193,531 shares, compared to its average volume of 1,380,709. The stock has a market cap of $809.02 million, a P/E ratio of 10.77 and a beta of 1.34. Dynex Capital, Inc. has a 12-month low of $9.57 and a 12-month high of $13.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50 day simple moving average of $12.18 and a 200 day simple moving average of $12.16.

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

Dynex Capital Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on DX. Janney Montgomery Scott started coverage on Dynex Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $13.50 price objective for the company. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Wednesday. Finally, StockNews.com lowered Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Dynex Capital presently has an average rating of “Hold” and a consensus target price 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.