Brokerages Set Dynex Capital, Inc. (NYSE:DX) Price Target at $13.31

Dynex Capital, Inc. (NYSE:DX) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.31.

A number of analysts have recently commented on the company. Compass Point initiated coverage on Dynex Capital in a research report on Friday, April 12th. They issued a “buy” rating and a $14.50 price objective for the company. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. Jonestrading reaffirmed a “buy” rating and set a $14.00 price objective on shares of Dynex Capital in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Dynex Capital from $13.50 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd.

Hedge Funds Weigh In On Dynex Capital

Several hedge funds and other institutional investors have recently modified their holdings of DX. Westend Capital Management LLC purchased a new stake in Dynex Capital during the 1st quarter valued at about $35,000. Valley Brook Capital Group Inc. acquired a new position in shares of Dynex Capital during the 1st quarter worth approximately $103,000. Tower Research Capital LLC TRC grew its position in shares of Dynex Capital by 14.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 1,044 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Dynex Capital in the first quarter valued at approximately $126,000. Finally, SG Americas Securities LLC purchased a new position in Dynex Capital during the third quarter worth approximately $132,000. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $12.32 on Tuesday. The firm has a market cap of $790.46 million, a PE ratio of 10.53 and a beta of 1.33. Dynex Capital has a twelve month low of $9.57 and a twelve month high of $13.56. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $12.12 and a 200 day moving average price of $11.98.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd were paid a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.66%. The ex-dividend date of this dividend was Monday, April 22nd. Dynex Capital’s dividend payout ratio is currently 133.33%.

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.