Sheaff Brock Investment Advisors LLC Buys Shares of 60,993 Dynex Capital, Inc. (NYSE:DX)

Sheaff Brock Investment Advisors LLC bought a new stake in Dynex Capital, Inc. (NYSE:DX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 60,993 shares of the real estate investment trust’s stock, valued at approximately $772,000. Sheaff Brock Investment Advisors LLC owned 0.08% of Dynex Capital as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC raised its holdings in shares of Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 919 shares during the period. Cambridge Advisors Inc. raised its holdings in shares of Dynex Capital by 7.6% in the 4th quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,300 shares during the period. Signaturefd LLC raised its holdings in shares of Dynex Capital by 305.9% in the 3rd 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 period. The Manufacturers Life Insurance Company raised its holdings in shares of Dynex Capital by 8.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 1,950 shares during the period. Finally, Rhumbline Advisers grew its stake in Dynex Capital by 2.0% during the 4th quarter. Rhumbline Advisers now owns 107,570 shares of the real estate investment trust’s stock worth $1,361,000 after purchasing an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Up 2.3 %

Shares of NYSE DX opened at $13.78 on Monday. The stock has a market cap of $1.09 billion, a PE ratio of 9.37 and a beta of 1.31. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $13.82. The business has a 50-day moving average price of $12.78 and a 200 day moving average price of $12.55.

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

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given 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 13.07%. Dynex Capital’s payout ratio is 122.45%.

Analysts Set New Price Targets

Several research firms recently commented on DX. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

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.