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

Dynex Capital, Inc. (NYSE:DXGet Free Report) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.35.

A number of brokerages have recently weighed in on DX. StockNews.com cut Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. Finally, Janney Montgomery Scott initiated coverage on shares of Dynex Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $13.50 price target on the stock.

Read Our Latest Research Report on Dynex Capital

Dynex Capital Stock Up 1.6 %

Shares of NYSE DX opened at $12.75 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $12.32 and a 200 day moving average price of $12.18. Dynex Capital has a 52 week low of $9.57 and a 52 week high of $13.40. The stock has a market capitalization of $952.55 million, a price-to-earnings ratio of 10.90 and a beta of 1.33.

Dynex Capital (NYSE:DXGet Free Report) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.30). Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. The firm had revenue of $76.05 million for the quarter. During the same quarter last year, the business earned ($0.27) earnings per share. Equities research analysts anticipate that Dynex Capital will post 1 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be issued a $0.13 dividend. The ex-dividend date is Monday, September 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 12.24%. Dynex Capital’s dividend payout ratio (DPR) is 133.33%.

Institutional Investors Weigh In On Dynex Capital

A number of hedge funds and other institutional investors have recently modified their holdings of DX. Westend Capital Management LLC purchased a new stake in shares of Dynex Capital in the first quarter valued at $35,000. Allspring Global Investments Holdings LLC acquired a new stake in Dynex Capital in the 2nd quarter worth about $81,000. Valley Brook Capital Group Inc. purchased a new stake in Dynex Capital in the 1st quarter valued at about $103,000. ProShare Advisors LLC acquired a new position in shares of Dynex Capital during the 1st quarter valued at about $126,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Dynex Capital during the 2nd quarter valued at about $128,000. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

About Dynex Capital

(Get Free Report

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.

Further Reading

Analyst Recommendations for Dynex Capital (NYSE:DX)

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