Dynex Capital, Inc. (NYSE:DX) Receives Average Rating of “Moderate Buy” from Brokerages

Dynex Capital, Inc. (NYSE:DX) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.56.

Several research firms have recently weighed in on DX. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd.

Institutional Trading of Dynex Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Dynex Capital by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust’s stock worth $8,249,000 after purchasing an additional 42,012 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dynex Capital by 68.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust’s stock valued at $1,340,000 after buying an additional 42,755 shares during the period. Barclays PLC grew its stake in Dynex Capital by 833.2% in the 3rd quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock worth $2,793,000 after acquiring an additional 195,400 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Dynex Capital during the fourth quarter worth approximately $1,510,000. Finally, State Street Corp increased its position in shares of Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock worth $19,977,000 after acquiring an additional 44,302 shares during the period. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Shares of NYSE:DX opened at $11.72 on Tuesday. The firm has a fifty day simple moving average of $13.58 and a two-hundred day simple moving average of $12.88. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.13 billion, a P/E ratio of 7.97 and a beta of 1.14. Dynex Capital has a 52 week low of $11.36 and a 52 week high of $14.52.

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 negative return on equity of 2.24% and a net margin of 35.65%. On average, analysts expect that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 24th. This represents a $2.04 dividend on an annualized basis and a yield of 17.41%. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s payout ratio is presently 138.78%.

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.