Strategic Financial Concepts LLC Makes New $1.13 Million Investment in Dynex Capital, Inc. (NYSE:DX)

Strategic Financial Concepts LLC bought a new position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 89,322 shares of the real estate investment trust's stock, valued at approximately $1,130,000. Strategic Financial Concepts LLC owned approximately 0.11% of Dynex Capital as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Dynex Capital by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust's stock worth $26,704,000 after acquiring an additional 136,776 shares during the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 253,660 shares during the last quarter. State Street Corp boosted its position in Dynex Capital by 2.9% during the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust's stock worth $19,977,000 after acquiring an additional 44,302 shares during the last quarter. FMR LLC boosted its position in Dynex Capital by 6.6% during the 3rd quarter. FMR LLC now owns 1,351,914 shares of the real estate investment trust's stock worth $17,250,000 after acquiring an additional 83,919 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in 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 worth $11,045,000 after acquiring an additional 148,235 shares during the last quarter. 38.34% of the stock is owned by institutional investors.

Dynex Capital Stock Performance

DX traded up $0.20 during trading hours on Friday, reaching $14.07. The company's stock had a trading volume of 5,560,568 shares, compared to its average volume of 2,534,475. Dynex Capital, Inc. has a 52 week low of $11.36 and a 52 week high of $14.21. The company's 50-day moving average is $12.87 and its 200-day moving average is $12.59. 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 firm has a market cap of $1.12 billion, a PE ratio of 9.57 and a beta of 1.31.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share 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%. On average, equities analysts forecast that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.17 per share. This is a boost from Dynex Capital's previous monthly dividend of $0.15. The ex-dividend date is Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 14.50%. Dynex Capital's dividend payout ratio (DPR) is presently 122.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DX shares. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.