Dynex Capital’s (DX) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities restated their market perform rating on shares of Dynex Capital (NYSE:DX) in a research note issued to investors on Thursday,Benzinga reports.

Dynex Capital Trading Up 0.4 %

Dynex Capital stock opened at $12.65 on Thursday. The firm has a market cap of $1.00 billion, a PE ratio of 10.04 and a beta of 1.30. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $13.13. The stock’s 50 day simple moving average is $12.56 and its two-hundred day simple moving average is $12.45. 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, January 23rd. This represents a $1.80 annualized dividend and a yield of 14.23%. Dynex Capital’s dividend payout ratio is presently 142.86%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Signaturefd LLC increased its stake in shares of Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares in the last quarter. Westend Capital Management LLC grew its holdings in Dynex Capital by 37.0% in the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 919 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Dynex Capital in the second quarter valued at approximately $128,000. Hilton Capital Management LLC acquired a new position in shares of Dynex Capital during the 3rd quarter worth approximately $142,000. Finally, Firethorn Wealth Partners LLC purchased a new position in shares of Dynex Capital during the 4th quarter valued at approximately $148,000. Institutional investors and hedge funds own 38.34% of the company’s stock.

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.