Brokerages Set Dynex Capital, Inc. (NYSE:DX) Target Price at $13.56

Dynex Capital, Inc. (NYSE:DX) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.56.

A number of research firms recently issued reports on DX. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

Dynex Capital Price Performance

Shares of DX stock opened at $13.82 on Monday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 9.40 and a beta of 1.31. 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 has a 12 month low of $11.36 and a 12 month high of $13.85. The stock has a 50-day moving average price of $12.84 and a 200 day moving average price of $12.59.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Research analysts expect that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.03%. The ex-dividend date is Monday, February 24th. Dynex Capital’s dividend payout ratio (DPR) is presently 122.45%.

Institutional Trading of Dynex Capital

A number of hedge funds have recently modified their holdings of DX. Squarepoint Ops LLC boosted its position in shares of Dynex Capital by 91.0% in the fourth quarter. Squarepoint Ops LLC now owns 19,263 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 9,178 shares during the period. State of Wyoming boosted its holdings in Dynex Capital by 66.4% in the 4th quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 8,617 shares during the period. ProShare Advisors LLC grew its position in shares of Dynex Capital by 58.2% during the 4th quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 8,181 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dynex Capital by 6.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock worth $18,053,000 after purchasing an additional 81,510 shares during the period. Finally, FJ Capital Management LLC raised its position in shares of Dynex Capital by 26.6% in the fourth quarter. FJ Capital Management LLC now owns 93,068 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 19,561 shares in the last quarter. 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.