Dynex Capital, Inc. (NYSE:DX) Receives $13.35 Consensus PT from Analysts

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

Several brokerages have issued reports on DX. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th.

Institutional Investors Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Dynex Capital by 17.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after purchasing an additional 253,660 shares in the last quarter. Barclays PLC boosted its position in Dynex Capital by 833.2% in the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 195,400 shares in the last quarter. State Street Corp grew its stake 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 buying an additional 44,302 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Dynex Capital during the third quarter worth $914,000. Finally, Centiva Capital LP acquired a new position in shares of Dynex Capital during the third quarter worth $321,000. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Stock Performance

Shares of Dynex Capital stock opened at $12.50 on Friday. The stock’s fifty day simple moving average is $12.45 and its 200 day simple moving average is $12.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $991.25 million, a PE ratio of 9.92 and a beta of 1.32. Dynex Capital has a 12 month low of $11.11 and a 12 month high of $13.13.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. The company had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. During the same period in the previous year, the firm posted ($0.28) EPS. On average, research analysts predict that Dynex Capital will post 1.03 EPS for the current year.

Dynex Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 14.40%. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. Dynex Capital’s dividend payout ratio is presently 142.86%.

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.