Proficio Capital Partners LLC Acquires New Holdings in Dynex Capital, Inc. (NYSE:DX)

Proficio Capital Partners LLC bought a new stake in shares of Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 90,916 shares of the real estate investment trust’s stock, valued at approximately $1,150,000. Proficio Capital Partners LLC owned approximately 0.11% of Dynex Capital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Westend Capital Management LLC boosted 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 acquiring an additional 919 shares during the last quarter. US Bancorp DE lifted its holdings in Dynex Capital by 567.1% in 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. Hilton Capital Management LLC acquired a new stake in shares of Dynex Capital during the 3rd quarter worth about $142,000. Firethorn Wealth Partners LLC purchased a new stake in shares of Dynex Capital during the fourth quarter worth about $148,000. Finally, Walleye Capital LLC purchased a new stake in shares of Dynex Capital during the third quarter worth about $155,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Wall Street Analysts Forecast Growth

DX has been the topic of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

Dynex Capital Price Performance

DX opened at $14.09 on Friday. Dynex Capital, Inc. has a 1 year low of $11.36 and a 1 year high of $14.52. The company’s 50 day simple moving average is $13.47 and its 200 day simple moving average is $12.84. The stock has a market capitalization of $1.27 billion, a PE ratio of 9.58 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 14.48%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s 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.