Janney Montgomery Scott LLC Invests $456,000 in Dynex Capital, Inc. (NYSE:DX)

Janney Montgomery Scott LLC purchased a new stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,029 shares of the real estate investment trust's stock, valued at approximately $456,000.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its position in Dynex Capital by 305.9% during the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,661 shares during the last quarter. Westend Capital Management LLC lifted its stake in Dynex Capital by 37.0% in the fourth 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 period. Squarepoint Ops LLC purchased a new stake in Dynex Capital in the second quarter worth about $128,000. Hilton Capital Management LLC purchased a new stake in Dynex Capital in the third quarter worth about $142,000. Finally, Walleye Capital LLC purchased a new stake in Dynex Capital in the third quarter worth about $155,000. Hedge funds and other institutional investors own 38.34% of the company's stock.

Dynex Capital Stock Performance

Shares of Dynex Capital stock traded up $0.20 during midday trading on Thursday, hitting $13.46. The company had a trading volume of 2,384,370 shares, compared to its average volume of 2,383,658. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 9.16 and a beta of 1.31. 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 company has a fifty day simple moving average of $12.74 and a 200 day simple moving average of $12.53. Dynex Capital, Inc. has a 12-month low of $11.36 and a 12-month high of $13.48.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings data 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%. As a group, analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a $0.15 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.80 annualized dividend and a yield of 13.37%. Dynex Capital's dividend payout ratio (DPR) is presently 122.45%.

Analyst Upgrades and Downgrades

DX has been the subject of a number of research reports. StockNews.com raised shares of Dynex Capital from a "sell" rating to a "hold" rating in a research note 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 stock. Based on data from MarketBeat, Dynex Capital currently has a consensus rating of "Moderate Buy" and a consensus target price 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.