Proficio Capital Partners LLC Makes New $1.15 Million Investment in Dynex Capital, Inc. (NYSE:DX)

Proficio Capital Partners LLC acquired a new stake in Dynex Capital, Inc. (NYSE:DX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 90,916 shares of the real estate investment trust's stock, valued at approximately $1,150,000. Proficio Capital Partners LLC owned 0.11% of Dynex Capital at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC raised its holdings in shares of 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 valued at $43,000 after acquiring an additional 919 shares in the last quarter. Cambridge Advisors Inc. increased its position in Dynex Capital by 7.6% during the 4th quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust's stock valued at $233,000 after purchasing an additional 1,300 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Dynex Capital by 8.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust's stock valued at $329,000 after purchasing an additional 1,950 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of Dynex Capital by 11.6% in the 4th quarter. Kovack Advisors Inc. now owns 19,585 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 2,043 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Dynex Capital by 2.0% in the 4th quarter. Rhumbline Advisers now owns 107,570 shares of the real estate investment trust's stock worth $1,361,000 after purchasing an additional 2,072 shares during the period. 38.34% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently commented on DX. 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.56.

Dynex Capital Stock Down 0.1 %

NYSE DX traded down $0.02 on Monday, hitting $13.86. The stock had a trading volume of 3,108,231 shares, compared to its average volume of 1,923,153. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $14.52. The business's fifty day moving average price is $13.50 and its 200 day moving average price is $12.86. 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 stock has a market cap of $1.25 billion, a price-to-earnings ratio of 9.43 and a beta of 1.35.

Dynex Capital (NYSE:DX - Get Free Report) 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 net margin of 35.65% and a negative return on equity of 2.24%. Equities research analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Dynex Capital's previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a yield of 14.72%. Dynex Capital's dividend payout ratio (DPR) is 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.