Dynex Capital, Inc. (NYSE:DX) Given Average Rating of “Hold” by Analysts

Shares of Dynex Capital, Inc. (NYSE:DX) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.4167.

A number of equities analysts have recently issued reports on the company. Jones Trading reissued a “buy” rating and set a $14.00 price target on shares of Dynex Capital in a research report on Monday, October 20th. UBS Group set a $13.25 price objective on shares of Dynex Capital and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a report on Wednesday.

Dynex Capital Trading Up 0.6%

Shares of Dynex Capital stock traded up $0.08 on Friday, hitting $13.48. 6,694,086 shares of the company traded hands, compared to its average volume of 3,995,369. The company has a current ratio of 1.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.98 billion, a PE ratio of 9.11 and a beta of 0.97. The stock’s 50 day moving average price is $13.03 and its 200-day moving average price is $12.64. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.19). The firm had revenue of $421.91 million during the quarter, compared to the consensus estimate of $32.06 million. Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%. Equities research analysts predict that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 21st will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 15.1%. The ex-dividend date of this dividend is Friday, November 21st. Dynex Capital’s dividend payout ratio (DPR) is presently 137.84%.

Insiders Place Their Bets

In related news, CEO Smriti Laxman Popenoe bought 4,260 shares of the company’s stock in a transaction on Friday, September 26th. The shares were acquired at an average price of $12.16 per share, with a total value of $51,801.60. Following the transaction, the chief executive officer owned 407,338 shares of the company’s stock, valued at $4,953,230.08. The trade was a 1.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert S. Colligan purchased 4,200 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was bought at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the completion of the acquisition, the chief financial officer directly owned 120,857 shares in the company, valued at approximately $1,464,786.84. This trade represents a 3.60% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in DX. Kingstone Capital Partners Texas LLC raised its holdings in Dynex Capital by 130,013.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust’s stock worth $242,772,000 after purchasing an additional 19,130,122 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Dynex Capital by 21.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock worth $92,345,000 after buying an additional 1,318,236 shares during the last quarter. Millennium Management LLC raised its stake in shares of Dynex Capital by 311.4% during the 1st quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust’s stock worth $42,664,000 after acquiring an additional 2,480,330 shares in the last quarter. Geode Capital Management LLC lifted its position in Dynex Capital by 26.0% during the second quarter. Geode Capital Management LLC now owns 2,525,805 shares of the real estate investment trust’s stock valued at $30,870,000 after acquiring an additional 521,530 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Dynex Capital by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 1,736,645 shares of the real estate investment trust’s stock valued at $21,345,000 after acquiring an additional 110,705 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

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.