Dynex Capital, Inc. (NYSE:DX) Receives $13.56 Average Price Target from Brokerages

Shares of Dynex Capital, Inc. (NYSE:DX) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.56.

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

Dynex Capital Stock Performance

NYSE DX opened at $14.07 on Monday. The stock has a market capitalization of $1.12 billion, a PE ratio of 9.57 and a beta of 1.31. The business has a 50 day simple moving average of $12.87 and a two-hundred day simple moving average of $12.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital has a 1-year low of $11.36 and a 1-year high of $14.21.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 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%. On average, research analysts predict that Dynex Capital will post 1.94 EPS for the current fiscal year.

Dynex Capital Increases Dividend

The firm 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 dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.04 dividend on an annualized basis and a yield of 14.50%. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s payout ratio is presently 122.45%.

Institutional Investors Weigh In On Dynex Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC raised its position in Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares in the last quarter. Sterling Capital Management LLC raised its position in Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 2,223 shares in the last quarter. Westend Capital Management LLC raised its position in Dynex Capital by 37.0% during the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 919 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Dynex Capital in the 4th quarter worth $43,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,700 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

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.