Raymond James Financial Inc. Buys New Shares in Dynex Capital, Inc. (NYSE:DX)

Raymond James Financial Inc. bought a new position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 119,383 shares of the real estate investment trust's stock, valued at approximately $1,510,000. Raymond James Financial Inc. owned about 0.15% of Dynex Capital at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Geode Capital Management LLC increased its position 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 purchasing an additional 253,660 shares in the last quarter. Barclays PLC increased its holdings in shares of Dynex Capital by 833.2% during the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock worth $2,793,000 after buying an additional 195,400 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Dynex Capital by 95.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust's stock valued at $4,978,000 after acquiring an additional 190,626 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Dynex Capital by 20.4% during the 4th quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust's stock valued at $11,045,000 after acquiring an additional 148,235 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Dynex Capital by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,120 shares of the real estate investment trust's stock worth $7,785,000 after acquiring an additional 101,948 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.

Dynex Capital Trading Down 4.4 %

Shares of DX traded down $0.57 during mid-day trading on Friday, reaching $12.14. 6,756,707 shares of the company were exchanged, compared to its average volume of 2,077,462. The business has a 50 day simple moving average of $13.60 and a two-hundred day simple moving average of $12.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $1.17 billion, a PE ratio of 8.26 and a beta of 1.14. Dynex Capital, Inc. has a 52 week low of $11.36 and a 52 week high of $14.52.

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

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a $0.17 dividend. This is a positive change from Dynex Capital's previous monthly dividend of $0.15. The ex-dividend date was Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 16.81%. Dynex Capital's payout ratio is presently 138.78%.

Analysts Set New Price Targets

DX has been the subject of several research reports. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. JMP Securities reiterated 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 assigned a buy rating to the company. According to data from MarketBeat, the stock 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.