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

Dynex Capital, Inc. (NYSE:DX) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.56.

DX has been the subject of several recent research reports. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd.

Institutional Investors Weigh In On Dynex Capital

Large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its position in Dynex Capital by 838.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,223 shares during the period. Westend Capital Management LLC grew its position in Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 919 shares during the period. New Age Alpha Advisors LLC bought a new stake in Dynex Capital in the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. grew its position in shares of Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,700 shares during the period. Finally, US Bancorp DE grew its position in shares of Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 3,227 shares during the period. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Stock Performance

Dynex Capital stock opened at $14.00 on Friday. 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 firm has a 50-day moving average of $13.30 and a 200-day moving average of $12.78. The firm has a market cap of $1.27 billion, a P/E ratio of 9.52 and a beta of 1.35. Dynex Capital has a 1-year low of $11.36 and a 1-year high of $14.52.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. Sell-side analysts expect that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.58%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s payout ratio is 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.