119,383 Shares in Dynex Capital, Inc. (NYSE:DX) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Westend Capital Management LLC lifted its holdings 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 purchasing an additional 919 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Dynex Capital during the fourth quarter worth $43,000. PNC Financial Services Group Inc. increased its position in shares of Dynex Capital by 87.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,700 shares during the period. US Bancorp DE raised its stake in Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock worth $48,000 after buying an additional 3,227 shares during the last quarter. Finally, Firethorn Wealth Partners LLC acquired a new position in Dynex Capital in the fourth quarter valued at $148,000. Institutional investors and hedge funds own 38.34% of the company's stock.

Wall Street Analyst Weigh In

DX has been the topic of a number of recent analyst reports. StockNews.com downgraded Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Jones Trading cut their price target on Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on Dynex Capital from $13.25 to $12.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.83.

Dynex Capital Stock Down 0.4 %

Shares of NYSE:DX traded down $0.04 during mid-day trading on Monday, hitting $12.15. 2,586,891 shares of the company traded hands, compared to its average volume of 2,318,090. The stock has a market cap of $1.17 billion, a P/E ratio of 8.26 and a beta of 1.14. The stock has a 50-day moving average price of $12.90 and a two-hundred day moving average price of $12.79. Dynex Capital, Inc. has a 12-month low of $10.79 and a 12-month high of $14.52. 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 (NYSE:DX - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. The company had revenue of $17.13 million during the quarter, compared to the consensus estimate of $11.41 million. On average, equities research analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.79%. The ex-dividend date of this dividend was Wednesday, April 23rd. Dynex Capital's payout ratio is 264.94%.

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.