Dynex Capital (NYSE:DX) Reaches New 1-Year High – Here’s What Happened

Dynex Capital, Inc. (NYSE:DX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.85 and last traded at $13.70, with a volume of 2816291 shares traded. The stock had previously closed at $13.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DX shares. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Dynex Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

Dynex Capital Stock Performance

The firm’s 50-day moving average price is $12.80 and its two-hundred day moving average price is $12.57. The firm has a market capitalization of $1.09 billion, a PE ratio of 9.32 and a beta of 1.31. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.14%. The ex-dividend date of this dividend is Monday, February 24th. Dynex Capital’s payout ratio is presently 122.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC grew its position in 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 valued at $244,000 after purchasing an additional 9,178 shares in the last quarter. State of Wyoming lifted its stake in Dynex Capital by 66.4% in the fourth quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 8,617 shares during the last quarter. ProShare Advisors LLC lifted its stake in Dynex Capital by 58.2% in the fourth quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 8,181 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dynex Capital by 6.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock valued at $18,053,000 after acquiring an additional 81,510 shares during the last quarter. Finally, FJ Capital Management LLC lifted its stake in Dynex Capital by 26.6% in the fourth quarter. FJ Capital Management LLC now owns 93,068 shares of the real estate investment trust’s stock valued at $1,177,000 after acquiring an additional 19,561 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other 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.