Raymond James Financial Inc. Invests $1.51 Million in Dynex Capital, Inc. (NYSE:DX)

Raymond James Financial Inc. acquired a new stake in Dynex Capital, Inc. (NYSE:DX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Intech Investment Management LLC acquired a new stake in Dynex Capital in the third quarter worth $211,000. Charles Schwab Investment Management Inc. raised its stake 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 buying an additional 101,948 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Dynex Capital by 8.2% during the third quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust's stock worth $329,000 after acquiring an additional 1,950 shares in the last quarter. FMR LLC grew its stake in Dynex Capital by 6.6% in the third quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust's stock valued at $17,250,000 after acquiring an additional 83,919 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Dynex Capital by 147.5% in the third 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 during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts recently issued reports 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 research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Dynex Capital has a consensus rating of "Moderate Buy" and an average target price of $13.56.

Dynex Capital Stock Down 0.8 %

Shares of NYSE:DX traded down $0.11 during mid-day trading on Thursday, reaching $12.71. 5,635,718 shares of the stock were exchanged, compared to its average volume of 2,049,533. The company has a market cap of $1.15 billion, a P/E ratio of 8.64 and a beta of 1.35. The stock's 50 day simple moving average is $13.61 and its 200-day simple moving average is $12.89. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a one year low of $11.36 and a one year high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities research analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.06%. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Dynex Capital's previous monthly dividend of $0.15. 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.