Prevail Innovative Wealth Advisors LLC Raises Holdings in Dynex Capital, Inc. (NYSE:DX)

Prevail Innovative Wealth Advisors LLC grew its stake in Dynex Capital, Inc. (NYSE:DX) by 18.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 93,921 shares of the real estate investment trust’s stock after buying an additional 14,455 shares during the quarter. Prevail Innovative Wealth Advisors LLC owned 0.12% of Dynex Capital worth $1,188,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DX. Vanguard Group Inc. increased its holdings in Dynex Capital by 6.4% in 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 last quarter. Geode Capital Management LLC boosted its position in shares of Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after acquiring an additional 253,660 shares in the last quarter. Barclays PLC increased its holdings in shares of Dynex Capital by 833.2% in the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after acquiring an additional 195,400 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Dynex Capital by 95.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 390,100 shares of the real estate investment trust’s stock worth $4,978,000 after acquiring an additional 190,626 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Dynex Capital by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 873,111 shares of the real estate investment trust’s stock worth $11,045,000 after purchasing an additional 148,235 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DX has been the topic of several recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dynex Capital currently has an average rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

Shares of NYSE DX opened at $13.05 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of 8.87 and a beta of 1.35. Dynex Capital, Inc. has a twelve month low of $11.36 and a twelve month high of $14.52. The stock has a 50 day moving average of $13.60 and a two-hundred day moving average of $12.89. 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) last released its quarterly 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%. On average, research analysts forecast that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, March 24th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 15.64%. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio (DPR) is currently 138.78%.

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.