Analysts Set Dynex Capital, Inc. (NYSE:DX) Target Price at $13.35

Shares of Dynex Capital, Inc. (NYSE:DX) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.35.

A number of equities research analysts have commented on the stock. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st.

Hedge Funds Weigh In On Dynex Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Dynex Capital by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust’s stock valued at $37,881,000 after acquiring an additional 41,586 shares during the last quarter. Millennium Management LLC grew its stake in shares of Dynex Capital by 62.1% during the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock worth $30,756,000 after purchasing an additional 986,471 shares during the period. Victory Capital Management Inc. increased its holdings in Dynex Capital by 11.3% in the second quarter. Victory Capital Management Inc. now owns 1,956,032 shares of the real estate investment trust’s stock valued at $23,355,000 after purchasing an additional 199,337 shares during the last quarter. Van ECK Associates Corp lifted its stake in Dynex Capital by 0.8% in the third quarter. Van ECK Associates Corp now owns 724,876 shares of the real estate investment trust’s stock valued at $9,126,000 after buying an additional 5,725 shares during the period. Finally, Peregrine Capital Management LLC boosted its holdings in Dynex Capital by 15.8% during the second quarter. Peregrine Capital Management LLC now owns 552,260 shares of the real estate investment trust’s stock worth $6,594,000 after buying an additional 75,553 shares during the last quarter. 38.34% of the stock is owned by institutional investors.

Dynex Capital Price Performance

NYSE:DX opened at $12.13 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a market cap of $961.91 million, a PE ratio of 9.63 and a beta of 1.32. Dynex Capital has a 12 month low of $10.50 and a 12 month high of $13.13. The company’s 50-day moving average price is $12.50 and its two-hundred day moving average price is $12.23.

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

Dynex Capital Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This is an increase from Dynex Capital’s previous monthly dividend of $0.13. This represents a $1.80 dividend on an annualized basis and a yield of 14.84%. Dynex Capital’s dividend payout ratio is presently 123.81%.

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.