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

Shares of Dynex Capital, Inc. (NYSE:DX) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.56.

Separately, JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd.

Dynex Capital Price Performance

Dynex Capital stock opened at $12.86 on Thursday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 10.20 and a beta of 1.30. 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 $13.08. The firm has a 50-day moving average of $12.57 and a two-hundred day moving average of $12.47.

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 the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. On average, research analysts forecast that Dynex Capital will post 1.03 earnings per share for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.80 annualized dividend and a dividend yield of 14.00%. Dynex Capital’s payout ratio is presently 142.86%.

Institutional Investors Weigh In On Dynex Capital

Several hedge funds have recently modified their holdings of DX. Signaturefd LLC raised its stake in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,661 shares in the last quarter. Westend Capital Management LLC boosted its holdings in shares of Dynex Capital by 37.0% in 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 acquiring an additional 919 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Dynex Capital in the 2nd quarter valued at $128,000. Hilton Capital Management LLC purchased a new stake in shares of Dynex Capital in the 3rd quarter valued at $142,000. Finally, Firethorn Wealth Partners LLC purchased a new stake in shares of Dynex Capital in the 4th quarter valued at $148,000. 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.