Dynex Capital, Inc. (NYSE:DX) Receives $13.56 Average PT from Analysts

Shares of Dynex Capital, Inc. (NYSE:DX) have received an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $13.56.

Several equities analysts have recently commented on DX shares. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st.

Institutional Trading of Dynex Capital

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its stake in Dynex Capital by 91.0% in the fourth quarter. Squarepoint Ops LLC now owns 19,263 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 9,178 shares during the last quarter. State of Wyoming increased its holdings in shares of Dynex Capital by 66.4% in the 4th quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 8,617 shares during the period. ProShare Advisors LLC lifted its position in Dynex Capital by 58.2% in the 4th quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 8,181 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dynex Capital by 6.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock valued at $18,053,000 after purchasing an additional 81,510 shares during the period. Finally, FJ Capital Management LLC boosted its stake in Dynex Capital by 26.6% during the 4th quarter. FJ Capital Management LLC now owns 93,068 shares of the real estate investment trust’s stock valued at $1,177,000 after purchasing an additional 19,561 shares during the period. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of NYSE DX opened at $14.42 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital has a fifty-two week low of $11.36 and a fifty-two week high of $14.52. The business has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $12.82. The firm has a market cap of $1.30 billion, a PE ratio of 9.81 and a beta of 1.35.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Sell-side analysts expect that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a dividend yield of 14.15%. Dynex Capital’s dividend payout ratio is 138.78%.

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.