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

Dynex Capital, Inc. (NYSE:DX) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $13.56.

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday.

Dynex Capital Trading Up 0.6 %

DX stock traded up $0.08 during mid-day trading on Thursday, reaching $12.69. 293,982 shares of the stock traded hands, compared to its average volume of 2,028,322. Dynex Capital has a 52-week low of $11.36 and a 52-week high of $13.13. The stock’s fifty day moving average is $12.55 and its 200-day moving average is $12.44. The company has a market cap of $1.01 billion, a P/E ratio of 10.07 and a beta of 1.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. During the same period in the prior year, the business posted ($0.28) EPS. As a group, sell-side analysts expect that Dynex Capital will post 1.03 earnings per share for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd will be given a $0.15 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 14.19%. Dynex Capital’s payout ratio is 142.86%.

Institutional Trading of Dynex Capital

A number of institutional investors have recently bought and sold shares of the company. Firethorn Wealth Partners LLC acquired a new position in shares of Dynex Capital during the 4th quarter worth $148,000. Janney Montgomery Scott LLC acquired a new position in Dynex Capital during the fourth quarter worth $456,000. SG Americas Securities LLC raised its holdings in Dynex Capital by 35.5% during the fourth quarter. SG Americas Securities LLC now owns 34,668 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 9,092 shares in the last quarter. Cambridge Advisors Inc. lifted its position in shares of Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,300 shares during the last quarter. Finally, Westend Capital Management LLC boosted its stake in shares of 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 worth $43,000 after acquiring an additional 919 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

About Dynex Capital

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.