Kovack Advisors Inc. Has $248,000 Holdings in Dynex Capital, Inc. (NYSE:DX)

Kovack Advisors Inc. boosted its stake in Dynex Capital, Inc. (NYSE:DX) by 11.6% in the fourth quarter, HoldingsChannel reports. The firm owned 19,585 shares of the real estate investment trust’s stock after acquiring an additional 2,043 shares during the period. Kovack Advisors Inc.’s holdings in Dynex Capital were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Westend Capital Management LLC boosted its position 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 worth $43,000 after purchasing an additional 919 shares in the last quarter. Cambridge Advisors Inc. lifted its holdings in Dynex Capital by 7.6% during the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 1,300 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Dynex Capital by 8.2% in the third 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 period. Rhumbline Advisers grew its stake in Dynex Capital by 2.0% in the fourth quarter. Rhumbline Advisers now owns 107,570 shares of the real estate investment trust’s stock valued at $1,361,000 after acquiring an additional 2,072 shares during the period. Finally, Gladstone Institutional Advisory LLC increased its holdings in shares of Dynex Capital by 35.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 15,555 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 4,075 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of Dynex Capital stock opened at $14.05 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.55 and a beta of 1.31. The stock’s 50-day moving average is $13.04 and its 200-day moving average is $12.68. Dynex Capital, Inc. has a one year low of $11.36 and a one year high of $14.21.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS 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 predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.17 per share. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date is Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 14.52%. Dynex Capital’s dividend payout ratio is presently 138.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in 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 reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

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.