Brokerages Set Dynex Capital, Inc. (NYSE:DX) PT at $13.56

Dynex Capital, Inc. (NYSE:DX) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat Ratings 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 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.56.

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday.

Dynex Capital Stock Performance

NYSE DX opened at $12.65 on Thursday. The company has a market cap of $1.00 billion, a P/E ratio of 10.04 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The business’s 50 day moving average price is $12.56 and its 200-day moving average price is $12.45. Dynex Capital has a fifty-two week low of $11.36 and a fifty-two week high of $13.13.

Dynex Capital Dividend Announcement

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

Institutional Trading of Dynex Capital

A number of hedge funds have recently modified their holdings of DX. Renaissance Technologies LLC boosted its position in Dynex Capital by 267.7% during the second quarter. Renaissance Technologies LLC now owns 132,000 shares of the real estate investment trust’s stock worth $1,576,000 after purchasing an additional 96,100 shares in the last quarter. Sei Investments Co. boosted its position in Dynex Capital by 14.2% during the second quarter. Sei Investments Co. now owns 199,893 shares of the real estate investment trust’s stock worth $2,387,000 after purchasing an additional 24,918 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Dynex Capital during the second quarter worth approximately $128,000. Millennium Management LLC boosted its position in Dynex Capital by 62.1% during the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after purchasing an additional 986,471 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Dynex Capital by 18.2% in the second quarter. The Manufacturers Life Insurance Company now owns 23,859 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 3,681 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

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.