Dynex Capital, Inc. (NYSE:DX) Receives Consensus Rating of “Hold” from Brokerages

Dynex Capital, Inc. (NYSE:DX) has been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat reports. Three 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 objective among analysts that have issued a report on the stock in the last year is $13.9167.

Several research analysts have issued reports on DX shares. UBS Group set a $13.25 target price on Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Jones Trading reissued a “buy” rating and issued a $14.00 price objective on shares of Dynex Capital in a report on Monday, October 20th. Keefe, Bruyette & Woods upped their target price on shares of Dynex Capital from $14.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Dynex Capital by 98.5% during the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 928 shares during the period. Triumph Capital Management purchased a new position in Dynex Capital during the third quarter valued at approximately $29,000. Private Wealth Management Group LLC bought a new position in shares of Dynex Capital in the third quarter worth approximately $36,000. Transce3nd LLC bought a new position in shares of Dynex Capital in the second quarter worth approximately $49,000. Finally, Huntington National Bank increased its stake 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 worth $59,000 after purchasing an additional 4,789 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of DX opened at $13.97 on Friday. The firm has a fifty day simple moving average of $13.76 and a two-hundred day simple moving average of $13.04. The firm has a market cap of $2.05 billion, a PE ratio of 9.44 and a beta of 0.98. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. Dynex Capital has a 1-year low of $10.79 and a 1-year high of $14.52.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 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%. On average, equities analysts anticipate that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 2nd were given a dividend of $0.17 per share. The ex-dividend date was Friday, January 2nd. This represents a c) annualized dividend and a yield of 14.6%. Dynex Capital’s payout ratio is 137.84%.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.