Dynex Capital’s (DX) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market perform rating on shares of Dynex Capital (NYSE:DX) in a research report report published on Thursday,Benzinga reports.

Dynex Capital Price Performance

Shares of NYSE:DX opened at $12.59 on Thursday. Dynex Capital has a one year low of $11.36 and a one year high of $13.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $997.99 million, a price-to-earnings ratio of 9.99 and a beta of 1.30. The company’s fifty day moving average price is $12.55 and its 200-day moving average price is $12.44.

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

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 14.30%. The ex-dividend date of this dividend is Thursday, January 23rd. Dynex Capital’s payout ratio is currently 142.86%.

Institutional Investors Weigh In On Dynex Capital

A number of hedge funds have recently made changes to their positions in DX. Signaturefd LLC raised its position in Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,661 shares during the period. Westend Capital Management LLC lifted its position in Dynex Capital by 37.0% in the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 919 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Dynex Capital in the second quarter worth approximately $128,000. Hilton Capital Management LLC purchased a new position in shares of Dynex Capital in the third quarter worth $142,000. Finally, Firethorn Wealth Partners LLC bought a new stake in Dynex Capital during the 4th quarter valued at $148,000. 38.34% of the stock is currently owned by institutional investors.

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.