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

Raymond James Financial Inc. bought a new stake in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, Holdings Channel.com reports. The firm bought 119,383 shares of the real estate investment trust’s stock, valued at approximately $1,510,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. 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 buying an additional 919 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Dynex Capital by 567.1% in the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 3,227 shares during the period. Firethorn Wealth Partners LLC purchased a new position in shares of Dynex Capital during the fourth quarter worth approximately $148,000. Walleye Capital LLC acquired a new position in shares of Dynex Capital in the 3rd quarter valued at $155,000. Finally, Weaver Consulting Group acquired a new position in shares of Dynex Capital in the 4th quarter valued at $156,000. 38.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DX has been the subject of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

Dynex Capital stock opened at $12.99 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $13.61 and a 200-day simple moving average of $12.89. Dynex Capital, Inc. has a 12 month low of $11.36 and a 12 month high of $14.52. The stock has a market capitalization of $1.17 billion, a PE ratio of 8.83 and a beta of 1.35.

Dynex Capital (NYSE:DX) last announced 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 net margin of 35.65% and a negative return on equity of 2.24%. Equities analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a dividend of $0.17 per share. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a yield of 15.71%. The ex-dividend date was Monday, March 24th. Dynex Capital’s dividend payout ratio 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.