Jackson Thornton Wealth Management LLC Takes Position in Dynex Capital, Inc. (NYSE:DX)

Jackson Thornton Wealth Management LLC bought a new stake in Dynex Capital, Inc. (NYSE:DX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Westend Capital Management LLC grew its position 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 purchasing an additional 919 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Dynex Capital by 87.5% in the 4th 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 grew its holdings in shares of Dynex Capital by 567.1% in the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 3,227 shares in the last quarter. Firethorn Wealth Partners LLC purchased a new stake in shares of Dynex Capital during the fourth quarter valued at approximately $148,000. Finally, Walleye Capital LLC bought a new stake in Dynex Capital during the third quarter worth $155,000. Institutional investors own 38.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.56.

Dynex Capital Stock Performance

Dynex Capital stock traded down $0.24 during midday trading on Friday, reaching $13.05. The stock had a trading volume of 4,888,226 shares, compared to its average volume of 2,003,840. The firm has a market capitalization of $1.18 billion, a PE ratio of 8.87 and a beta of 1.35. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $14.52. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average price is $13.60 and its 200 day moving average price is $12.88.

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

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.04 annualized dividend and a dividend yield of 15.64%. This is an increase from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's dividend payout ratio is currently 138.78%.

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.