Dynex Capital, Inc. (NYSE:DX) Receives $13.35 Average Price Target from Analysts

Shares of Dynex Capital, Inc. (NYSE:DX) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.35.

Several brokerages recently issued reports on DX. StockNews.com cut Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th.

Dynex Capital Stock Performance

DX stock opened at $12.30 on Friday. Dynex Capital has a twelve month low of $9.57 and a twelve month high of $13.13. The firm has a market cap of $918.93 million, a price-to-earnings ratio of 205.00 and a beta of 1.33. The business’s fifty day simple moving average is $12.42 and its two-hundred day simple moving average is $12.19. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The company had revenue of $76.05 million for the quarter. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. During the same period last year, the firm earned ($0.27) EPS. Analysts predict that Dynex Capital will post 1 earnings per share for the current year.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.56 annualized dividend and a dividend yield of 12.68%. Dynex Capital’s dividend payout ratio is presently 2,600.00%.

Institutional Investors Weigh In On Dynex Capital

Large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its position in Dynex Capital by 116.9% in the third quarter. SG Americas Securities LLC now owns 25,576 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 13,786 shares during the last quarter. Founders Financial Alliance LLC grew its position in shares of Dynex Capital by 55.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,275 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 5,772 shares during the period. PVG Asset Management Corp acquired a new position in Dynex Capital in the 2nd quarter worth about $913,000. The Manufacturers Life Insurance Company boosted its position in Dynex Capital by 18.2% during the second quarter. The Manufacturers Life Insurance Company now owns 23,859 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 3,681 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in 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 purchasing an additional 986,471 shares during the period. Hedge funds and other institutional investors own 38.34% of the company’s stock.

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.