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

Dynex Capital, Inc. (NYSE:DX) 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.

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:DX) 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

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.