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

Shares of Dynex Capital, Inc. (NYSE:DX) have received a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $13.4167.

Several brokerages recently weighed in on DX. Jones Trading restated a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Dynex Capital in a report on Wednesday. Finally, UBS Group set a $13.25 target price on shares of Dynex Capital and gave the company a “neutral” rating in a research report on Wednesday, October 8th.

Insider Buying and Selling

In other news, CEO Smriti Laxman Popenoe acquired 4,260 shares of the company’s stock in a transaction on Friday, September 26th. The stock was bought at an average cost of $12.16 per share, with a total value of $51,801.60. Following the completion of the purchase, the chief executive officer directly owned 407,338 shares of the company’s stock, valued at $4,953,230.08. This represents a 1.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert S. Colligan acquired 4,200 shares of the business’s stock in a transaction on Friday, September 26th. The shares were purchased at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the transaction, the chief financial officer directly owned 120,857 shares of the company’s stock, valued at approximately $1,464,786.84. The trade was a 3.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynex Capital

A number of large investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in Dynex Capital in the 3rd quarter worth about $29,000. Private Wealth Management Group LLC bought a new stake in shares of Dynex Capital during the 3rd quarter worth approximately $36,000. CWM LLC boosted its holdings in Dynex Capital by 271.9% during the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 2,306 shares during the period. Transce3nd LLC purchased a new position in Dynex Capital during the 2nd quarter valued at $49,000. Finally, Huntington National Bank grew its position in Dynex Capital by 478,900.0% in the 3rd quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 4,789 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Price Performance

Shares of NYSE:DX traded up $0.08 during mid-day trading on Friday, reaching $13.48. The stock had a trading volume of 6,694,086 shares, compared to its average volume of 3,995,369. The business’s 50 day moving average price is $13.03 and its 200 day moving average price is $12.64. Dynex Capital has a 1 year low of $10.79 and a 1 year high of $14.52. The company has a market cap of $1.98 billion, a P/E ratio of 9.11 and a beta of 0.97. The company has a current ratio of 1.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.19). The firm had revenue of $421.91 million for the quarter, compared to analysts’ expectations of $32.06 million. Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. Research analysts expect that Dynex Capital will post 1.94 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 21st will be paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 15.1%. The ex-dividend date of this dividend is Friday, November 21st. Dynex Capital’s dividend payout ratio (DPR) is presently 137.84%.

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.