Dynex Capital, Inc. (NYSE:DX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Dynex Capital, Inc. (NYSE:DX) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.35.

Several equities research analysts recently weighed in on DX shares. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Dynex Capital by 17.5% in the third quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after acquiring an additional 253,660 shares during the last quarter. Barclays PLC increased its holdings in shares of Dynex Capital by 833.2% in the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after purchasing an additional 195,400 shares in the last quarter. State Street Corp increased its holdings in shares of Dynex Capital by 2.9% in the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock valued at $19,977,000 after purchasing an additional 44,302 shares in the last quarter. Systematic Financial Management LP acquired a new stake in Dynex Capital during the 3rd quarter worth $914,000. Finally, Centiva Capital LP acquired a new stake in Dynex Capital during the 3rd quarter worth $321,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Up 0.4 %

NYSE DX opened at $12.39 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a 50-day simple moving average of $12.47 and a 200 day simple moving average of $12.29. Dynex Capital has a twelve month low of $11.11 and a twelve month high of $13.13. The stock has a market cap of $982.13 million, a PE ratio of 9.83 and a beta of 1.32.

Dynex Capital (NYSE:DX) last released 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). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. The company had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. During the same quarter in the previous year, the business posted ($0.28) EPS. On average, research analysts forecast that Dynex Capital will post 1.03 EPS for the current year.

Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 14.53%. Dynex Capital’s dividend payout ratio (DPR) is currently 123.81%.

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.