Brokerages Set Dynex Capital, Inc. (NYSE:DX) Price Target at $13.35

Dynex Capital, Inc. (NYSE:DX) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings 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 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.35.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Dynex Capital by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust’s stock worth $37,881,000 after buying an additional 41,586 shares during the period. Millennium Management LLC raised its stake in Dynex Capital by 62.1% during the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after buying an additional 986,471 shares during the period. Victory Capital Management Inc. raised its stake in Dynex Capital by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock worth $26,704,000 after buying an additional 136,776 shares during the period. Geode Capital Management LLC raised its stake in Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock worth $21,718,000 after buying an additional 253,660 shares during the period. Finally, State Street Corp raised its stake in Dynex Capital by 2.9% during the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock worth $19,977,000 after buying an additional 44,302 shares during the period. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Up 0.6 %

Shares of DX opened at $12.55 on Friday. The company has a market capitalization of $995.27 million, a PE ratio of 9.96 and a beta of 1.32. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $13.13. The stock’s 50-day moving average price is $12.42 and its two-hundred day moving average price is $12.30. 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 (NYSE:DX) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.39). The company had revenue of $83.46 million for the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same period in the previous year, the firm posted ($0.28) earnings per share. On average, analysts anticipate that Dynex Capital will post 1.03 EPS for the current year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.34%. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. Dynex Capital’s payout ratio is currently 142.86%.

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.