Dynex Capital, Inc. (NYSE:DX) Receives $13.56 Consensus PT from Analysts

Shares of Dynex Capital, Inc. (NYSE:DX) 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.

Dynex Capital Price Performance

Shares of NYSE:DX opened at $14.21 on Friday. The firm has a 50 day moving average of $13.33 and a 200-day moving average of $12.80. The stock has a market capitalization of $1.29 billion, a PE ratio of 9.66 and a beta of 1.35. The company has a current ratio of 1.20, a quick 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 $14.52.

Dynex Capital (NYSE:DX) 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.