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

Shares of Dynex Capital, Inc. (NYSE:DX) have been given an average recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.4167.

Several brokerages have weighed in on DX. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dynex Capital in a research report on Wednesday, October 8th. UBS Group set a $13.25 target price on shares of Dynex Capital and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Finally, Jones Trading reissued a “buy” rating and set a $14.00 target price on shares of Dynex Capital in a research note on Monday, October 20th.

Dynex Capital Price Performance

Shares of DX opened at $13.29 on Tuesday. The business’s 50-day moving average is $12.78 and its two-hundred day moving average is $12.50. The company has a market capitalization of $1.95 billion, a P/E ratio of 8.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.19. Dynex Capital has a fifty-two week low of $10.79 and a fifty-two week high of $14.52.

Dynex Capital (NYSE:DX) last announced 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 company had revenue of $30.61 million for the quarter, compared to analyst estimates of $32.06 million. Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%. Research analysts predict that Dynex Capital will post 1.94 earnings per share for the current year.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Thursday, October 23rd were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 15.4%. The ex-dividend date of this dividend was Thursday, October 23rd. Dynex Capital’s dividend payout ratio is presently 137.84%.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Wealth Management Group LLC purchased a new position in Dynex Capital in the 3rd quarter valued at about $36,000. Amalgamated Bank lifted its stake in Dynex Capital by 50.5% in the 1st quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 973 shares in the last quarter. CWM LLC lifted its stake in Dynex Capital by 271.9% in the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,306 shares in the last quarter. Transce3nd LLC purchased a new position in Dynex Capital in the 2nd quarter valued at about $49,000. Finally, US Bancorp DE lifted its stake in Dynex Capital by 35.2% in the 1st quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,338 shares in the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

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.