Strategic Financial Concepts LLC Takes $1.13 Million Position 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 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 1,661 shares in the last quarter. Westend Capital Management LLC grew its stake in Dynex Capital by 37.0% during the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 919 shares in the last quarter. Hilton Capital Management LLC acquired a new position in Dynex Capital during the 3rd quarter worth $142,000. Firethorn Wealth Partners LLC acquired a new position in Dynex Capital during the 4th quarter worth $148,000. Finally, Walleye Capital LLC acquired a new position in Dynex Capital during the 3rd quarter worth $155,000. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Up 2.3 %

Shares of NYSE:DX traded up $0.31 on Friday, hitting $13.78. 3,780,641 shares of the company's stock were exchanged, compared to its average volume of 2,468,650. The firm's 50-day moving average is $12.78 and its 200 day moving average is $12.55. The company has a market capitalization of $1.09 billion, a PE ratio of 9.37 and a beta of 1.31. Dynex Capital, Inc. has a 1-year low of $11.36 and a 1-year high of $13.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts predict that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.07%. The ex-dividend date of this dividend is Monday, February 24th. Dynex Capital's payout ratio is currently 122.45%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JMP Securities reaffirmed 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.56.

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.