Shares of Dynex Capital, Inc. (NYSE:DX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.56.
A number of equities research analysts have weighed in on DX shares. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st.
View Our Latest Stock Report on DX
Dynex Capital Price Performance
Dynex Capital (NYSE:DX – Get Free Report) last released 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 2.24% and a net margin of 35.65%. On average, equities research analysts predict that Dynex Capital will post 1.94 EPS for the current fiscal year.
Dynex Capital Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.17 dividend. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.36%. The ex-dividend date of this dividend is Monday, March 24th. Dynex Capital’s dividend payout ratio is currently 138.78%.
Institutional Investors Weigh In On Dynex Capital
A number of institutional investors have recently modified their holdings of DX. Zacks Investment Management bought a new position in Dynex Capital during the fourth quarter worth $4,275,000. Vanguard Group Inc. boosted its stake in Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock worth $54,615,000 after acquiring an additional 260,798 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dynex Capital by 17.5% during the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after acquiring an additional 253,660 shares in the last quarter. Mesirow Institutional Investment Management Inc. boosted its stake in Dynex Capital by 29.1% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust’s stock worth $13,409,000 after acquiring an additional 239,053 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Dynex Capital by 29.3% during the fourth quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust’s stock worth $11,564,000 after acquiring an additional 207,413 shares in the last quarter. 38.34% of the stock is owned by institutional investors.
Dynex Capital Company Profile
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.
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