Dynex Capital (NYSE:DX) Hits New 52-Week High Following Dividend Announcement

Shares of Dynex Capital, Inc. (NYSE:DX) reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as $13.48 and last traded at $13.44, with a volume of 1432473 shares traded. The stock had previously closed at $13.26.

The newly announced dividend which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a $0.15 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.80 annualized dividend and a dividend yield of 13.37%. Dynex Capital’s dividend payout ratio is currently 122.45%.

Analyst Ratings Changes

DX has been the subject of several analyst reports. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.56.

Dynex Capital Trading Up 1.5 %

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.16 and a beta of 1.31. The business has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $12.53.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, equities analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DX. Signaturefd LLC grew its stake in shares of Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,661 shares in the last quarter. Sterling Capital Management LLC grew its position in Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,223 shares in the last quarter. Westend Capital Management LLC raised its stake in shares of Dynex Capital by 37.0% during 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. New Age Alpha Advisors LLC acquired a new position in shares of Dynex Capital during the fourth quarter worth $43,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares during the period. 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.