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

Shares of Dynex Capital, Inc. (NYSE:DX) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.35.

DX has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Wednesday, August 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DX. Signaturefd LLC increased its position in shares of Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dynex Capital during the 2nd quarter worth approximately $81,000. ProShare Advisors LLC bought a new stake in shares of Dynex Capital in the 1st quarter worth approximately $126,000. Squarepoint Ops LLC purchased a new position in Dynex Capital in the second quarter valued at approximately $128,000. Finally, Hilton Capital Management LLC purchased a new position in Dynex Capital in the third quarter valued at approximately $142,000. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Trading Up 0.9 %

Shares of NYSE DX opened at $12.50 on Friday. The firm has a 50 day moving average price of $12.45 and a two-hundred day moving average price of $12.30. The stock has a market cap of $991.25 million, a P/E ratio of 9.92 and a beta of 1.32. Dynex Capital has a 52-week low of $11.11 and a 52-week high of $13.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.

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

Dynex Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. This is a boost from Dynex Capital’s previous monthly dividend of $0.13. The ex-dividend date is Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 14.40%. Dynex Capital’s payout ratio is presently 142.86%.

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.