Dynex Capital, Inc. (NYSE:DX) Receives Consensus Rating of “Moderate Buy” from Analysts

Dynex Capital, Inc. (NYSE:DX) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.35.

A number of research analysts have weighed in on the company. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research note on Wednesday, August 28th. StockNews.com cut Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st.

Dynex Capital Stock Up 0.4 %

NYSE:DX opened at $12.47 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50-day simple moving average of $12.44 and a 200 day simple moving average of $12.30. The company has a market cap of $988.87 million, a PE ratio of 9.90 and a beta of 1.32. Dynex Capital has a 52-week low of $11.11 and a 52-week high of $13.13.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The company had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same quarter in the prior year, the business earned ($0.28) earnings per share. On average, sell-side analysts expect that Dynex Capital will post 1.03 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a yield of 14.43%. The ex-dividend date of this dividend is Friday, November 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently 142.86%.

Institutional Trading of Dynex Capital

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Dynex Capital by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust’s stock worth $37,881,000 after purchasing an additional 41,586 shares during the last quarter. Millennium Management LLC raised its holdings in Dynex Capital by 62.1% in the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock valued at $30,756,000 after acquiring an additional 986,471 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Dynex Capital by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock valued at $26,704,000 after acquiring an additional 136,776 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dynex Capital by 17.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after acquiring an additional 253,660 shares in the last quarter. Finally, State Street Corp raised its holdings in Dynex Capital by 2.9% in the 3rd quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock valued at $19,977,000 after acquiring an additional 44,302 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.