Jackson Thornton Wealth Management LLC Acquires Shares of 55,903 Dynex Capital, Inc. (NYSE:DX)

Jackson Thornton Wealth Management LLC acquired a new stake in shares of Dynex Capital, Inc. (NYSE:DX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,903 shares of the real estate investment trust’s stock, valued at approximately $707,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock valued at $54,615,000 after buying an additional 260,798 shares during the period. LPL Financial LLC increased its position in shares of Dynex Capital by 34.9% during the fourth quarter. LPL Financial LLC now owns 109,242 shares of the real estate investment trust’s stock valued at $1,382,000 after buying an additional 28,272 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Dynex Capital during the fourth quarter valued at about $188,000. KLP Kapitalforvaltning AS bought a new stake in shares of Dynex Capital during the fourth quarter valued at about $173,000. Finally, Sei Investments Co. increased its position in shares of Dynex Capital by 1.5% during the fourth quarter. Sei Investments Co. now owns 261,046 shares of the real estate investment trust’s stock valued at $3,302,000 after buying an additional 3,887 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DX shares. StockNews.com upgraded 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 report on Thursday, January 23rd. 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Stock Down 0.3 %

DX stock opened at $14.06 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $13.50 and its 200 day moving average is $12.86. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 9.56 and a beta of 1.35. Dynex Capital, Inc. has a 1-year low of $11.36 and a 1-year high of $14.52.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share 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 fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 14.51%. 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 dividend payout ratio is 138.78%.

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.