Dynex Capital, Inc. (NYSE:DX) Receives $13.56 Average Price Target from Analysts

Dynex Capital, Inc. (NYSE:DX) has been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.56.

DX has been the topic of several recent research reports. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

Institutional Trading of Dynex Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Dynex Capital by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock valued at $54,615,000 after buying an additional 260,798 shares during the period. Victory Capital Management Inc. increased its stake in Dynex Capital by 7.0% during the third quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock worth $26,704,000 after acquiring an additional 136,776 shares during the last quarter. Geode Capital Management LLC raised its position in Dynex Capital by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust’s stock valued at $23,256,000 after purchasing an additional 136,280 shares during the period. State Street Corp lifted its stake in shares of Dynex Capital by 2.9% in the 3rd 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Dynex Capital by 6.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock valued at $18,053,000 after purchasing an additional 81,510 shares during the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Performance

Shares of DX stock opened at $14.09 on Friday. The business has a fifty day moving average of $13.47 and a 200 day moving average of $12.84. Dynex Capital has a 1 year low of $11.36 and a 1 year high of $14.52. 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 firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.58 and a beta of 1.35.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share 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%. As a group, research analysts expect that Dynex Capital will post 1.94 earnings per share for the current year.

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.48%. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 24th. Dynex Capital’s dividend payout ratio (DPR) is 138.78%.

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.