Dynex Capital, Inc. (NYSE:DX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dynex Capital, Inc. (NYSE:DX) have been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.56.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Thursday.

Dynex Capital Price Performance

DX traded up $0.08 during trading on Thursday, reaching $12.69. 293,982 shares of the stock were exchanged, compared to its average volume of 2,028,322. 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’s 50 day moving average price is $12.55 and its two-hundred day moving average price is $12.44. Dynex Capital has a 1 year low of $11.36 and a 1 year high of $13.13. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.07 and a beta of 1.30.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.39). The firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same period in the previous year, the firm posted ($0.28) EPS. As a group, equities research analysts anticipate that Dynex Capital will post 1.03 earnings per share for the current year.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.19%. The ex-dividend date is Thursday, January 23rd. Dynex Capital’s payout ratio is 142.86%.

Institutional Investors Weigh In On Dynex Capital

Several large investors have recently made changes to their positions in DX. Signaturefd LLC grew its position 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 buying an additional 1,661 shares in the last quarter. Westend Capital Management LLC raised its holdings 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 purchasing an additional 919 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Dynex Capital in the second quarter worth approximately $128,000. Hilton Capital Management LLC acquired a new position in shares of Dynex Capital during the 3rd quarter valued at $142,000. Finally, Firethorn Wealth Partners LLC bought a new stake in shares of Dynex Capital in the 4th quarter worth $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.