Dynex Capital (NYSE:DX) Hits New 52-Week High – Here’s Why

Dynex Capital, Inc. (NYSE:DX) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $13.12 and last traded at $13.08, with a volume of 1840983 shares changing hands. The stock had previously closed at $12.86.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.56.

Dynex Capital Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $12.47. The stock has a market cap of $1.04 billion, a PE ratio of 10.42 and a beta of 1.30.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. On average, equities research analysts forecast that Dynex Capital, Inc. will post 1.03 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.70%. The ex-dividend date is Thursday, January 23rd. Dynex Capital’s dividend payout ratio is currently 142.86%.

Institutional Investors Weigh In On Dynex Capital

Several hedge funds and other institutional investors have recently modified their holdings of DX. Signaturefd LLC boosted its holdings in Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares during the period. Westend Capital Management LLC grew its position in 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 worth $43,000 after buying an additional 919 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Dynex Capital during the second quarter worth about $128,000. Hilton Capital Management LLC acquired a new position in Dynex Capital in the 3rd quarter valued at approximately $142,000. Finally, Firethorn Wealth Partners LLC bought a new stake in shares of Dynex Capital in the 4th quarter worth approximately $148,000. Institutional investors and hedge funds 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.