Brokerages Set Dynex Capital, Inc. (NYSE:DX) PT at $13.42

Shares of Dynex Capital, Inc. (NYSE:DX) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.4167.

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

Dynex Capital Trading Up 0.6%

NYSE:DX opened at $14.01 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.19. Dynex Capital has a 1 year low of $10.79 and a 1 year high of $14.52. The stock has a market cap of $2.06 billion, a P/E ratio of 9.47 and a beta of 0.97. The stock has a 50-day simple moving average of $13.17 and a 200-day simple moving average of $12.69.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.19). The business had revenue of $421.91 million for the quarter, compared to analysts’ expectations of $32.06 million. Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%. As a group, analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 21st will be given a $0.17 dividend. The ex-dividend date is Friday, November 21st. This represents a c) annualized dividend and a yield of 14.6%. Dynex Capital’s dividend payout ratio is 137.84%.

Insiders Place Their Bets

In other Dynex Capital news, CEO Smriti Laxman Popenoe acquired 4,260 shares of the stock in a transaction on Friday, September 26th. The shares were bought at an average cost 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 approximately $4,953,230.08. This trade represents a 1.06% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert S. Colligan bought 4,200 shares of Dynex Capital stock in a transaction dated Friday, September 26th. The stock was acquired at an average cost of $12.12 per share, with a total value of $50,904.00. Following the completion of the acquisition, the chief financial officer directly owned 120,857 shares of the company’s stock, valued at approximately $1,464,786.84. The trade was a 3.60% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Dynex Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new position in shares of Dynex Capital in the third quarter valued at approximately $29,000. Private Wealth Management Group LLC acquired a new position in Dynex Capital in the 3rd quarter valued at $36,000. CWM LLC raised its position in Dynex Capital by 271.9% during the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,306 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Dynex Capital in the 2nd quarter worth $49,000. Finally, Huntington National Bank boosted its holdings in shares of Dynex Capital by 478,900.0% in the third quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 4,789 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

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.