Brokerages Set Dynex Capital, Inc. (NYSE:DX) Price Target at $13.35

Shares of Dynex Capital, Inc. (NYSE:DX) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.35.

Several analysts recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Janney Montgomery Scott started coverage on shares of Dynex Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $13.50 price objective on the stock.

Dynex Capital Trading Up 1.6 %

Shares of DX stock opened at $12.75 on Monday. The stock’s fifty day moving average is $12.32 and its two-hundred day moving average is $12.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $952.55 million, a P/E ratio of 10.90 and a beta of 1.33. Dynex Capital has a fifty-two week low of $9.57 and a fifty-two week high of $13.40.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.30). Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. The company had revenue of $76.05 million for the quarter. During the same quarter in the previous year, the company posted ($0.27) EPS. Research analysts expect that Dynex Capital will post 1 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 23rd will be given a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.24%. The ex-dividend date of this dividend is Monday, September 23rd. Dynex Capital’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Trading of Dynex Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new stake in shares of Dynex Capital in the 4th quarter worth $903,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Dynex Capital during the second quarter worth about $735,000. Charles Schwab Investment Management Inc. lifted its position in Dynex Capital by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,437 shares of the real estate investment trust’s stock valued at $5,514,000 after purchasing an additional 23,000 shares during the period. Swiss National Bank boosted its holdings in Dynex Capital by 4.7% in the 1st quarter. Swiss National Bank now owns 111,833 shares of the real estate investment trust’s stock valued at $1,392,000 after purchasing an additional 5,000 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Dynex Capital by 15.1% during the 4th quarter. International Assets Investment Management LLC now owns 31,911 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 4,186 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

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.