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

Proficio Capital Partners LLC bought a new position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 quarter.

Several other hedge funds have also added to or reduced their stakes in DX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dynex Capital by 68.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust's stock valued at $1,340,000 after purchasing an additional 42,755 shares during the period. Barclays PLC boosted its stake in shares of Dynex Capital by 833.2% in the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after buying an additional 195,400 shares during the period. State Street Corp grew its position in Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust's stock worth $19,977,000 after buying an additional 44,302 shares in the last quarter. Geode Capital Management LLC increased its stake in Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust's stock worth $21,718,000 after acquiring an additional 253,660 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Dynex Capital by 147.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,502 shares of the real estate investment trust's stock valued at $517,000 after acquiring an additional 24,139 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Dynex Capital Price Performance

Shares of DX stock traded down $0.37 on Tuesday, reaching $13.90. The company had a trading volume of 4,435,558 shares, compared to its average volume of 2,891,436. The business's 50-day moving average is $13.22 and its 200 day moving average is $12.75. Dynex Capital, Inc. has a one year low of $11.36 and a one year 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 stock has a market capitalization of $1.26 billion, a PE ratio of 9.45 and a beta of 1.35.

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 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 forecast that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The company 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 $0.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital's previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a yield of 14.68%. Dynex Capital's dividend payout ratio (DPR) is currently 138.78%.

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.