Dynex Capital, Inc. (NYSE:DX) Receives $13.56 Consensus Target Price from Brokerages

Shares of Dynex Capital, Inc. (NYSE:DX) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.56.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of Dynex Capital by 62.1% during the 2nd quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust’s stock valued at $30,756,000 after buying an additional 986,471 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Dynex Capital by 1,152.5% during the 3rd quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust’s stock valued at $5,187,000 after buying an additional 374,074 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust’s stock valued at $21,718,000 after buying an additional 253,660 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Dynex Capital by 933.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust’s stock valued at $2,875,000 after buying an additional 203,494 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Dynex Capital during the 3rd quarter valued at $2,527,000. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Stock Performance

Dynex Capital stock opened at $12.77 on Thursday. The firm has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $12.46. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $13.13. The company has a market capitalization of $1.01 billion, a PE ratio of 10.13 and a beta of 1.30. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last posted its quarterly 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 negative return on equity of 4.80% and a net margin of 28.83%. Research analysts expect that Dynex Capital will post 1.03 EPS for the current year.

Dynex Capital Dividend Announcement

The business also recently disclosed 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 14.10%. The ex-dividend date is Thursday, January 23rd. Dynex Capital’s payout ratio is currently 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.