Dynex Capital, Inc. (NYSE:DX) Stock Has Consensus Price Target of $13.38 According to Brokerages

Shares of Dynex Capital, Inc. (NYSE:DX – Get Free Report) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.38.

DX has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research note on Tuesday, October 20th. BTIG Research set a $12.00 target price on shares of Dynex Capital and gave the stock a “buy” rating in a report on Tuesday, October 6th. JonesTrading decreased their price target on shares of Dynex Capital from $14.75 to $12.50 and set a “buy” rating for the company in a research report on Monday, October 19th. Finally, Weiss Ratings cut shares of Dynex Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday.

Get Our Latest Report on DX

Dynex Capital Trading Down 2.1%

Shares of NYSE:DX opened at $10.66 on Friday. Dynex Capital has a 12-month low of $10.31 and a 12-month high of $14.93. The business’s fifty day simple moving average is $11.71 and its 200-day simple moving average is $12.92. The company has a market capitalization of $2.77 billion, a PE ratio of 50.76 and a beta of 0.98.

Dynex Capital (NYSE:DX – Get Free Report) last released its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $101.56 million during the quarter, compared to the consensus estimate of $113.48 million. Dynex Capital had a positive return on equity of 10.30% and a negative net margin of 4.65%.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 22nd will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 19.1%. The ex-dividend date is Thursday, October 22nd. Dynex Capital’s payout ratio is 971.43%.

Insider Activity at Dynex Capital

In other news, CIO Terrence John Connelly, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, September 25th. The shares were acquired at an average cost of $11.18 per share, with a total value of $27,950.00. Following the completion of the acquisition, the executive owned 58,695 shares of the company’s stock, valued at $656,210.10. This trade represents a 4.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Byron L. Boston purchased 9,180 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was purchased at an average cost of $10.89 per share, for a total transaction of $99,970.20. Following the completion of the acquisition, the chief executive officer directly owned 892,747 shares of the company’s stock, valued at approximately $9,722,014.83. The trade was a 1.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 24,680 shares of company stock valued at $295,220 over the last 90 days. Insiders own 0.76% of the company’s stock.

Institutional Trading of Dynex Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GraniteShares Advisors LLC grew its stake in Dynex Capital by 1.6% during the 3rd quarter. GraniteShares Advisors LLC now owns 203,627 shares of the real estate investment trust’s stock worth $2,268,000 after buying an additional 3,150 shares during the last quarter. ProShare Advisors LLC increased its position in Dynex Capital by 10.6% during the 3rd quarter. ProShare Advisors LLC now owns 31,788 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 3,047 shares in the last quarter. Morling Financial Advisors LLC increased its position in Dynex Capital by 4.0% during the 3rd quarter. Morling Financial Advisors LLC now owns 90,726 shares of the real estate investment trust’s stock valued at $1,011,000 after buying an additional 3,498 shares in the last quarter. Wedbush Securities Inc. increased its position in Dynex Capital by 30.0% during the 3rd quarter. Wedbush Securities Inc. now owns 15,947 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 3,682 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in Dynex Capital by 5.5% in the third quarter. SeaCrest Wealth Management LLC now owns 97,749 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 5,094 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Company Profile

(Get Free Report)

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.

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Analyst Recommendations for Dynex Capital (NYSE:DX)

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