Dynex Capital (NYSE:DX) Given New $12.25 Price Target at Keefe, Bruyette & Woods

Dynex Capital (NYSE:DX) had its price objective trimmed by Keefe, Bruyette & Woods from $13.50 to $12.25 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

DX has been the subject of a number of other research reports. JMP Securities reiterated a market perform rating on shares of Dynex Capital in a research report on Thursday, April 18th. Jonestrading reissued a buy rating and set a $14.00 target price on shares of Dynex Capital in a research note on Monday. StockNews.com raised shares of Dynex Capital to a sell rating in a research note on Tuesday, December 26th. Finally, Compass Point began coverage on shares of Dynex Capital in a research note on Friday, April 12th. They set a buy rating and a $14.50 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Dynex Capital presently has a consensus rating of Hold and a consensus target price of $13.31.

Dynex Capital Trading Up 3.2 %

Shares of Dynex Capital stock opened at $11.83 on Tuesday. The firm has a 50-day simple moving average of $12.20 and a two-hundred day simple moving average of $11.94. The company has a market cap of $699.51 million, a P/E ratio of -42.25 and a beta of 1.33. Dynex Capital has a fifty-two week low of $9.57 and a fifty-two week high of $13.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.16.

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

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.56 annualized dividend and a yield of 13.19%. Dynex Capital’s dividend payout ratio is presently -557.12%.

Institutional Trading of Dynex Capital

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Dynex Capital by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust’s stock valued at $34,849,000 after buying an additional 34,429 shares during the period. Victory Capital Management Inc. grew its stake in shares of Dynex Capital by 2.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,624,319 shares of the real estate investment trust’s stock valued at $20,336,000 after buying an additional 43,862 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Dynex Capital by 84.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,127,014 shares of the real estate investment trust’s stock valued at $14,110,000 after buying an additional 516,898 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Dynex Capital by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 440,437 shares of the real estate investment trust’s stock valued at $5,514,000 after buying an additional 23,000 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Dynex Capital by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 404,037 shares of the real estate investment trust’s stock worth $5,059,000 after acquiring an additional 24,210 shares during the last quarter. Hedge funds and other institutional investors 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.