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

Raymond James Financial Inc. purchased a new stake in shares of Dynex Capital, Inc. (NYSE:DX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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.

Several other institutional investors and hedge funds have also bought and sold shares of DX. Westend Capital Management LLC increased its stake 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 valued at $43,000 after purchasing an additional 919 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Dynex Capital during the fourth quarter valued at $43,000. PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 87.5% in 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 purchasing an additional 1,700 shares in the last quarter. US Bancorp DE increased its stake in Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 3,227 shares in the last quarter. Finally, Firethorn Wealth Partners LLC purchased a new position in Dynex Capital in the fourth quarter worth about $148,000. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Stock Up 0.8 %

NYSE DX traded up $0.10 during trading on Thursday, hitting $12.34. The company's stock had a trading volume of 284,680 shares, compared to its average volume of 3,389,743. The company has a market cap of $1.30 billion, a PE ratio of 8.39 and a beta of 0.92. Dynex Capital, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. 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's 50 day simple moving average is $12.79 and its 200-day simple moving average is $12.78.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. The business had revenue of $17.13 million during the quarter, compared to analyst estimates of $11.41 million. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, equities analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 16.53%. The ex-dividend date of this dividend was Wednesday, April 23rd. Dynex Capital's dividend payout ratio (DPR) is presently 264.94%.

Wall Street Analysts Forecast Growth

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

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.