Strategic Financial Concepts LLC Acquires New Shares in Dynex Capital, Inc. (NYSE:DX)

Strategic Financial Concepts 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 and Exchange Commission (SEC). The fund bought 89,322 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

Several other hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC lifted its stake 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 purchasing an additional 919 shares during the last quarter. Cambridge Advisors Inc. lifted its position in shares of Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,300 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,661 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Dynex Capital by 8.2% during 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 acquiring an additional 1,950 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC increased its holdings in shares of Dynex Capital by 35.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 15,555 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 4,075 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Performance

DX opened at $13.32 on Wednesday. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $13.44. The firm has a market capitalization of $1.06 billion, a P/E ratio of 9.06 and a beta of 1.31. The stock’s 50 day moving average price is $12.71 and its two-hundred day moving average price is $12.52. 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 (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 negative return on equity of 2.24% and a net margin of 35.65%. On average, equities analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 23rd were paid a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.52%. The ex-dividend date was Thursday, January 23rd. Dynex Capital’s payout ratio is presently 122.45%.

Wall Street Analysts Forecast Growth

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