Dynex Capital, Inc. (NYSE:DX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Dynex Capital, Inc. (NYSE:DX) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.35.

A number of brokerages have recently commented on DX. Janney Montgomery Scott initiated coverage on Dynex Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $13.50 price objective for the company. Jonestrading reissued a “buy” rating and issued a $14.00 price objective on shares of Dynex Capital in a research report on Monday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Dynex Capital from $13.50 to $12.25 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. Finally, Compass Point initiated coverage on Dynex Capital in a report on Friday, April 12th. They set a “buy” rating and a $14.50 price target for the company.

Institutional Investors Weigh In On Dynex Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank lifted its holdings in Dynex Capital by 1.5% in the 3rd quarter. Swiss National Bank now owns 118,933 shares of the real estate investment trust’s stock valued at $1,420,000 after purchasing an additional 1,700 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Dynex Capital by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 417,437 shares of the real estate investment trust’s stock valued at $4,984,000 after buying an additional 13,968 shares during the period. Nomura Holdings Inc. acquired a new stake in Dynex Capital during the third quarter worth approximately $240,000. Penserra Capital Management LLC grew its stake in Dynex Capital by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 43,320 shares of the real estate investment trust’s stock worth $517,000 after acquiring an additional 5,459 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in Dynex Capital in the 3rd quarter valued at $645,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

NYSE:DX opened at $11.79 on Wednesday. Dynex Capital has a 52 week low of $9.57 and a 52 week high of $13.56. The company has a fifty day simple moving average of $12.04 and a two-hundred day simple moving average of $12.25. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The company has a market cap of $756.69 million, a price-to-earnings ratio of 10.07 and a beta of 1.33.

Dynex Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 24th will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.24%. The ex-dividend date of this dividend is Monday, June 24th. Dynex Capital’s dividend payout ratio is currently 133.33%.

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.