Dynex Capital, Inc. (NYSE:DX) Receives Average Rating of “Moderate Buy” from Brokerages

Dynex Capital, Inc. (NYSE:DX) has been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.56.

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

Institutional Trading of Dynex Capital

Several large investors have recently added to or reduced their stakes in DX. SG Americas Securities LLC grew its stake in Dynex Capital by 116.9% during the 3rd quarter. SG Americas Securities LLC now owns 25,576 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 13,786 shares during the last quarter. Creative Planning purchased a new stake in shares of Dynex Capital in the third quarter worth about $175,000. Signaturefd LLC boosted its stake in shares of Dynex Capital by 305.9% in the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,661 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Dynex Capital by 1,152.5% in the third quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock worth $5,187,000 after buying an additional 374,074 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its stake in shares of Dynex Capital by 35.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 15,555 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 4,075 shares during the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

Dynex Capital Trading Up 1.4 %

DX opened at $14.07 on Monday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 9.57 and a beta of 1.31. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $14.21. The stock has a fifty day moving average price of $12.87 and a 200-day moving average price of $12.59.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, equities research analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 14.50%. The ex-dividend date is Monday, March 24th. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s payout ratio is presently 122.45%.

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.