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

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

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $12.65 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $12.56 and a two-hundred day simple moving average of $12.45. The stock has a market capitalization of $1.00 billion, a P/E 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.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd will be issued a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.23%. The ex-dividend date of this dividend is Thursday, January 23rd. Dynex Capital’s payout ratio is 142.86%.

Hedge Funds Weigh In On Dynex Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Firethorn Wealth Partners LLC purchased a new stake in Dynex Capital during the 4th quarter valued at about $148,000. Janney Montgomery Scott LLC purchased a new stake in shares of Dynex Capital in the fourth quarter valued at approximately $456,000. SG Americas Securities LLC grew its position in shares of Dynex Capital by 35.5% in the fourth quarter. SG Americas Securities LLC now owns 34,668 shares of the real estate investment trust’s stock valued at $439,000 after purchasing an additional 9,092 shares in the last quarter. Cambridge Advisors Inc. lifted its position in Dynex Capital by 7.6% during the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,300 shares in the last quarter. Finally, Westend Capital Management LLC boosted its stake in 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 worth $43,000 after buying an additional 919 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

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.