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

Dynex Capital, Inc. (NYSE:DX) has earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.56.

Several analysts have recently weighed in on DX shares. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

Dynex Capital Trading Up 1.5 %

Shares of Dynex Capital stock opened at $14.21 on Friday. Dynex Capital has a 52-week low of $11.36 and a 52-week high of $14.52. The firm has a market capitalization of $1.29 billion, a PE ratio of 9.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The company’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $12.80.

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 2.24% and a net margin of 35.65%. On average, analysts expect that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.36%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio (DPR) is 138.78%.

Institutional Trading of Dynex Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its holdings in Dynex Capital by 91.0% in the 4th quarter. Squarepoint Ops LLC now owns 19,263 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 9,178 shares during the period. State of Wyoming boosted its holdings in Dynex Capital by 66.4% in the 4th quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 8,617 shares during the period. ProShare Advisors LLC boosted its holdings in Dynex Capital by 58.2% in the 4th quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 8,181 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dynex Capital by 6.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock valued at $18,053,000 after purchasing an additional 81,510 shares during the period. Finally, FJ Capital Management LLC boosted its holdings in Dynex Capital by 26.6% in the 4th quarter. FJ Capital Management LLC now owns 93,068 shares of the real estate investment trust’s stock valued at $1,177,000 after purchasing an additional 19,561 shares during the period. Institutional investors own 38.34% of the company’s stock.

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.