Jackson Thornton Wealth Management LLC Acquires Shares of 55,903 Dynex Capital, Inc. (NYSE:DX)

Jackson Thornton Wealth Management LLC bought a new stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 55,903 shares of the real estate investment trust's stock, valued at approximately $707,000. Jackson Thornton Wealth Management LLC owned approximately 0.07% of Dynex Capital at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DX. Westend Capital Management LLC raised its position 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. PNC Financial Services Group Inc. raised its holdings in shares of Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,700 shares during the last quarter. US Bancorp DE lifted its stake in shares of Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock worth $48,000 after buying an additional 3,227 shares during the period. Firethorn Wealth Partners LLC purchased a new stake in shares of Dynex Capital during the fourth quarter valued at $148,000. Finally, Walleye Capital LLC acquired a new position in shares of Dynex Capital in the 3rd quarter valued at $155,000. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

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Dynex Capital Stock Performance

NYSE DX traded down $0.26 on Tuesday, reaching $13.59. 2,674,980 shares of the company's stock traded hands, compared to its average volume of 1,926,137. The stock has a 50 day moving average price of $13.54 and a 200-day moving average price of $12.87. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 9.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings data 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 net margin of 35.65% and a negative return on equity of 2.24%. Equities research analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 15.01%. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's dividend payout ratio is currently 138.78%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DX shares. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Dynex Capital currently has an average rating of "Moderate Buy" and a consensus price target of $13.56.

About Dynex Capital

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.