Strategic Financial Concepts LLC Takes $1.13 Million Position in 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, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 89,322 shares of the real estate investment trust’s stock, valued at approximately $1,130,000. Strategic Financial Concepts LLC owned approximately 0.11% of Dynex Capital as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its position 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 valued at $28,000 after purchasing an additional 1,661 shares in the last quarter. Westend Capital Management LLC boosted its holdings in 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 worth $43,000 after buying an additional 919 shares in the last quarter. Hilton Capital Management LLC acquired a new position in Dynex Capital in the third quarter worth approximately $142,000. Firethorn Wealth Partners LLC bought a new position in shares of Dynex Capital in the fourth quarter valued at $148,000. Finally, Walleye Capital LLC acquired a new stake in shares of Dynex Capital during the 3rd quarter valued at $155,000. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Dynex Capital Price Performance

Shares of NYSE:DX opened at $13.32 on Wednesday. The company’s fifty day moving average is $12.71 and its two-hundred day moving average is $12.52. The company has a market cap of $1.06 billion, a P/E ratio of 9.06 and a beta of 1.31. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $13.44. 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 posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 analysts expect that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 23rd were issued a dividend of $0.15 per share. 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 dividend payout ratio is currently 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.