Dynex Capital, Inc. (NYSE:DX) Stock Has Consensus Target Price of $13.94

Dynex Capital, Inc. (NYSE:DX) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.94.

DX has been the topic of a number of analyst reports. BTIG Research set a $12.00 price target on Dynex Capital and gave the company a “buy” rating in a research report on Tuesday, October 6th. Weiss Ratings lowered Dynex Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. JonesTrading reissued a “buy” rating and set a $14.75 price objective on shares of Dynex Capital in a report on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a research note on Tuesday, July 21st.

Insider Transactions at Dynex Capital

In other news, CIO John Jr purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average cost of $11.18 per share, with a total value of $27,950.00. Following the acquisition, the executive directly owned 58,695 shares of the company’s stock, valued at approximately $656,210.10. This trade represents a 4.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynex Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrity Alliance LLC. lifted its position in Dynex Capital by 6.9% during the 2nd quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 1,081 shares in the last quarter. IMG Wealth Management Inc. increased its position in Dynex Capital by 55.9% in the 1st quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,222 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Dynex Capital by 10.4% in the second quarter. Pictet Asset Management Holding SA now owns 23,872 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 2,245 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Dynex Capital by 891.8% during the second quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,604 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Dynex Capital by 5.1% during the second quarter. Allworth Financial LP now owns 55,923 shares of the real estate investment trust’s stock worth $733,000 after purchasing an additional 2,689 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Stock Down 0.1%

NYSE DX opened at $10.85 on Wednesday. Dynex Capital has a 1-year low of $10.36 and a 1-year high of $14.93. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 4.13 and a beta of 0.98. The stock’s 50 day moving average is $12.34 and its two-hundred day moving average is $12.81. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 21st were given a dividend of $0.17 per share. The ex-dividend date was Monday, September 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 18.8%. Dynex Capital’s dividend payout ratio (DPR) is 77.57%.

Dynex Capital Company Profile

Dynex Capital, Inc (NYSE: DX) is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.