Dynex Capital (NYSE:DX) Reaches New 1-Year High – Here’s What Happened

Dynex Capital, Inc. (NYSE:DX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $13.85 and last traded at $13.70, with a volume of 2816291 shares changing hands. The stock had previously closed at $13.79.

Analyst Ratings Changes

Several research analysts have recently commented on DX shares. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.56.

Dynex Capital Stock Performance

The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.32 and a beta of 1.31. The company’s 50-day moving average is $12.80 and its two-hundred day moving average is $12.57. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, sell-side analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.80 annualized dividend and a yield of 13.14%. Dynex Capital’s dividend payout ratio is presently 122.45%.

Institutional Trading of Dynex Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westend Capital Management LLC raised its position in shares of Dynex Capital by 37.0% during the 4th 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 in the last quarter. Founders Financial Alliance LLC raised its position in shares of Dynex Capital by 4.7% during the 4th quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 950 shares in the last quarter. Cambridge Advisors Inc. raised its position in shares of Dynex Capital by 7.6% during the 4th 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. PDS Planning Inc raised its position in shares of Dynex Capital by 10.8% during the 4th quarter. PDS Planning Inc now owns 15,822 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 1,536 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,661 shares in the last quarter. 38.34% of the stock is currently owned by 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.