Dynex Capital (NYSE:DX) Sets New 1-Year High – Still a Buy?

Shares of Dynex Capital, Inc. (NYSE:DX) hit a new 52-week high during trading on Thursday . The stock traded as high as $13.12 and last traded at $13.08, with a volume of 1840983 shares changing hands. The stock had previously closed at $12.86.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Dynex Capital currently has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Trading Up 2.1 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50-day moving average price of $12.58 and a two-hundred day moving average price of $12.47. The firm has a market cap of $1.04 billion, a PE ratio of 10.42 and a beta of 1.30.

Dynex Capital (NYSE:DX) last announced its earnings results 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 4.80% and a net margin of 28.83%. Analysts forecast that Dynex Capital, Inc. will post 1.03 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 13.70%. Dynex Capital’s payout ratio is 142.86%.

Institutional Trading of Dynex Capital

Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in Dynex Capital by 62.1% in the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after purchasing an additional 986,471 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Dynex Capital by 1,152.5% in the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock worth $5,187,000 after acquiring an additional 374,074 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 during the last quarter. Wolverine Asset Management LLC lifted its stake in Dynex Capital by 933.1% during the third quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust’s stock worth $2,875,000 after purchasing an additional 203,494 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Dynex Capital in the third quarter worth $2,527,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

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.