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

Dynex Capital, Inc. (NYSE:DX) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.63.

A number of research firms have commented on DX. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Thursday. Compass Point initiated coverage on Dynex Capital in a research report on Friday, April 12th. They set a “buy” rating and a $14.50 price target on the stock. StockNews.com upgraded Dynex Capital to a “sell” rating in a research report on Tuesday, December 26th. Finally, Jonestrading lifted their price target on Dynex Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th.

Dynex Capital Trading Down 0.3 %

NYSE:DX opened at $11.49 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $12.22 and its two-hundred day moving average is $11.93. Dynex Capital has a 52 week low of $9.57 and a 52 week high of $13.56. The company has a market cap of $679.11 million, a PE ratio of -41.02 and a beta of 1.33.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The firm had revenue of $71.19 million for the quarter.

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 13.58%. The ex-dividend date of this dividend is Monday, April 22nd. Dynex Capital’s dividend payout ratio is presently -557.12%.

Institutional Investors Weigh In On Dynex Capital

Several large investors have recently modified their holdings of the stock. O Dell Group LLC acquired a new stake in shares of Dynex Capital in the fourth quarter worth $25,000. State of Wyoming acquired a new stake in shares of Dynex Capital in the fourth quarter worth $30,000. Westend Capital Management LLC acquired a new stake in Dynex Capital during the first quarter valued at $35,000. FMR LLC raised its holdings in Dynex Capital by 141.0% during the first quarter. FMR LLC now owns 3,210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,878 shares in the last quarter. Finally, Clear Street Markets LLC bought a new position in shares of Dynex Capital in the fourth quarter worth about $39,000. 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.