Dynex Capital, Inc. (NYSE:DX) Given Average Rating of “Moderate Buy” by Analysts

Dynex Capital, Inc. (NYSE:DX) has received an average rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.56.

A number of brokerages have recently commented on DX. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DX. Squarepoint Ops LLC raised its position in shares of Dynex Capital by 91.0% during the fourth quarter. Squarepoint Ops LLC now owns 19,263 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 9,178 shares during the last quarter. State of Wyoming raised its holdings in Dynex Capital by 66.4% during the 4th quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 8,617 shares during the last quarter. ProShare Advisors LLC raised its holdings in Dynex Capital by 58.2% during the 4th quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 8,181 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Dynex Capital by 6.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock worth $18,053,000 after purchasing an additional 81,510 shares during the period. Finally, FJ Capital Management LLC boosted its stake in shares of Dynex Capital by 26.6% in 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 last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Stock Up 1.4 %

DX stock opened at $14.07 on Monday. The firm has a 50-day moving average price of $12.90 and a 200-day moving average price of $12.61. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $14.21. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.12 billion, a P/E ratio of 9.57 and a beta of 1.31.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Dynex Capital will post 1.94 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.50%. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Monday, March 24th. Dynex Capital’s dividend payout ratio is presently 122.45%.

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.