Strategic Financial Concepts LLC Buys Shares of 89,322 Dynex Capital, Inc. (NYSE:DX)

Strategic Financial Concepts LLC bought a new stake in shares of Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, Holdings Channel reports. The firm bought 89,322 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC raised its stake in Dynex Capital by 305.9% during 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. Westend Capital Management LLC increased its holdings in shares of Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 919 shares in the last quarter. Hilton Capital Management LLC bought a new position in shares of Dynex Capital during the third quarter valued at $142,000. Firethorn Wealth Partners LLC purchased a new position in shares of Dynex Capital in the 4th quarter worth about $148,000. Finally, Walleye Capital LLC bought a new position in Dynex Capital in the 3rd quarter worth about $155,000. 38.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DX shares. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Dynex Capital currently has an average rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

NYSE DX opened at $13.70 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 has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.32 and a beta of 1.31. The stock has a 50-day moving average of $12.80 and a 200 day moving average of $12.57. Dynex Capital, Inc. has a one year low of $11.36 and a one year high of $13.85.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, sell-side analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a yield of 13.14%. Dynex Capital’s dividend payout ratio is presently 122.45%.

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.