Dynex Capital, Inc. (NYSE:DX) Shares Acquired by PDS Planning Inc

PDS Planning Inc raised its position in shares of Dynex Capital, Inc. (NYSE:DX) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,822 shares of the real estate investment trust’s stock after purchasing an additional 1,536 shares during the period. PDS Planning Inc’s holdings in Dynex Capital were worth $200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DX. Westend Capital Management LLC boosted its position in shares of Dynex Capital by 37.0% during the fourth 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 period. PNC Financial Services Group Inc. boosted its position in Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,700 shares during the period. US Bancorp DE grew its stake 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 worth $48,000 after purchasing an additional 3,227 shares in the last quarter. Hilton Capital Management LLC acquired a new position in shares of Dynex Capital during the third quarter valued at $142,000. Finally, Firethorn Wealth Partners LLC bought a new stake in shares of Dynex Capital during the fourth quarter valued at about $148,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

NYSE:DX opened at $14.23 on Thursday. The company has a 50-day moving average of $13.44 and a 200-day moving average of $12.83. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 9.68 and a beta of 1.35. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a twelve month low of $11.36 and a twelve month high of $14.52.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 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%. Analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.34%. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 24th. Dynex Capital’s payout ratio is presently 138.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DX shares. StockNews.com upgraded shares of 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 note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned 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 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.