Dynex Capital (NYSE:DX) Coverage Initiated at Compass Point

Compass Point assumed coverage on shares of Dynex Capital (NYSE:DX) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a buy rating and a $14.50 price target on the real estate investment trust’s stock.

Several other research firms also recently weighed in on DX. StockNews.com upgraded Dynex Capital to a sell rating in a research note on Tuesday, December 26th. Jonestrading increased their target price on Dynex Capital from $13.00 to $14.00 and gave the company a buy rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Dynex Capital has an average rating of Hold and a consensus price target of $13.63.

Dynex Capital Trading Down 1.5 %

DX opened at $11.62 on Friday. The business has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $11.94. The firm has a market capitalization of $686.79 million, a price-to-earnings ratio of -41.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. Dynex Capital has a one year low of $9.57 and a one year high of $13.56.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The firm had revenue of $71.19 million for the quarter.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.43%. Dynex Capital’s payout ratio is -557.12%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in Dynex Capital in the first quarter worth about $35,000. Vanguard Group Inc. grew its position in Dynex Capital by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 3,001,048 shares of the real estate investment trust’s stock worth $37,573,000 after acquiring an additional 82,388 shares in the last quarter. American International Group Inc. grew its position in Dynex Capital by 4.1% in the fourth quarter. American International Group Inc. now owns 28,074 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 1,104 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Dynex Capital by 15.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,125 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 1,919 shares in the last quarter. Finally, O Dell Group LLC purchased a new position in Dynex Capital in the fourth quarter worth about $25,000. 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.