Firethorn Wealth Partners LLC Takes Position in Dynex Capital, Inc. (NYSE:DX)

Firethorn Wealth Partners LLC purchased a new stake in Dynex Capital, Inc. (NYSE:DX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,689 shares of the real estate investment trust’s stock, valued at approximately $148,000.

A number of other large investors have also recently bought and sold shares of the business. Millennium Management LLC raised its holdings in shares of Dynex Capital by 62.1% in the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock valued at $30,756,000 after buying an additional 986,471 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Dynex Capital by 1,152.5% in the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock valued at $5,187,000 after purchasing an additional 374,074 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynex Capital by 17.5% in the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after purchasing an additional 253,660 shares during the period. Wolverine Asset Management LLC raised its position in Dynex Capital by 933.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust’s stock worth $2,875,000 after buying an additional 203,494 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Dynex Capital in the third quarter valued at about $2,527,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

Dynex Capital stock opened at $12.65 on Friday. The firm has a fifty day moving average of $12.55 and a 200-day moving average of $12.45. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital, Inc. has a 52-week low of $11.36 and a 52-week high of $13.13. The firm has a market capitalization of $1.00 billion, a P/E ratio of 10.04 and a beta of 1.30.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.23%. Dynex Capital’s dividend payout ratio (DPR) is currently 142.86%.

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.