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

Strategic Financial Concepts LLC purchased a new position in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,322 shares of the real estate investment trust’s stock, valued at approximately $1,130,000. Strategic Financial Concepts LLC owned about 0.11% of Dynex Capital as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,661 shares during the period. Westend Capital Management LLC grew its holdings in 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 worth $43,000 after acquiring an additional 919 shares during the last quarter. Hilton Capital Management LLC purchased a new position in shares of Dynex Capital in the third quarter valued at about $142,000. Firethorn Wealth Partners LLC bought a new position in shares of Dynex Capital during the fourth quarter valued at about $148,000. Finally, Walleye Capital LLC purchased a new stake in shares of Dynex Capital during the third quarter worth about $155,000. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

DX stock opened at $13.70 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital, Inc. has a 1 year low of $11.36 and a 1 year high of $13.85. The firm has a 50-day moving average of $12.80 and a 200 day moving average of $12.57. The company has a market cap of $1.09 billion, a P/E ratio of 9.32 and a beta of 1.31.

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 the consensus estimate 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a $0.15 dividend. 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 (DPR) is 122.45%.

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.