Dynex Capital, Inc. (NYSE:DX) Receives Average Rating of “Hold” from Analysts

Shares of Dynex Capital, Inc. (NYSE:DX) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.00.

DX has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dynex Capital in a research report on Saturday, September 27th. Keefe, Bruyette & Woods boosted their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. UBS Group boosted their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Jones Trading boosted their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Monday, July 21st.

Dynex Capital Stock Up 1.9%

Shares of NYSE DX opened at $12.90 on Friday. The company has a market capitalization of $1.68 billion, a P/E ratio of 16.53 and a beta of 0.92. Dynex Capital has a 52-week low of $10.79 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. The company’s 50 day moving average price is $12.48 and its 200-day moving average price is $12.37.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%.The firm had revenue of $23.13 million during the quarter, compared to analyst estimates of $21.20 million. Equities analysts forecast that Dynex Capital will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 22nd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, September 22nd. Dynex Capital’s payout ratio is presently 261.54%.

Insider Buying and Selling at Dynex Capital

In other Dynex Capital news, CEO Smriti Laxman Popenoe acquired 4,260 shares of the stock in a transaction on Friday, September 26th. The shares were purchased at an average price of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the acquisition, the chief executive officer owned 407,338 shares in the company, valued at approximately $4,953,230.08. This represents a 1.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert S. Colligan acquired 4,200 shares of the stock in a transaction on Friday, September 26th. The shares were acquired at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the acquisition, the chief financial officer owned 120,857 shares of the company’s stock, valued at approximately $1,464,786.84. The trade was a 3.60% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC raised its holdings in Dynex Capital by 130,013.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust’s stock worth $242,772,000 after buying an additional 19,130,122 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dynex Capital by 7.5% in the first quarter. Vanguard Group Inc. now owns 4,643,291 shares of the real estate investment trust’s stock valued at $60,456,000 after purchasing an additional 325,891 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Dynex Capital by 311.4% in the first quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust’s stock valued at $42,664,000 after purchasing an additional 2,480,330 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dynex Capital by 26.0% in the second quarter. Geode Capital Management LLC now owns 2,525,805 shares of the real estate investment trust’s stock valued at $30,870,000 after purchasing an additional 521,530 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Dynex Capital by 0.4% in the first quarter. Victory Capital Management Inc. now owns 2,036,371 shares of the real estate investment trust’s stock valued at $26,514,000 after purchasing an additional 8,262 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Company Profile

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.