Dynex Capital, Inc. (NYSE:DX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Dynex Capital, Inc. (NYSE:DX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.56.

Separately, JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a research report on Thursday.

Hedge Funds Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in DX. Firethorn Wealth Partners LLC bought a new stake in Dynex Capital in the 4th quarter worth about $148,000. Janney Montgomery Scott LLC bought a new stake in shares of Dynex Capital during the 4th quarter valued at about $456,000. SG Americas Securities LLC grew its stake in shares of Dynex Capital by 35.5% during the 4th quarter. SG Americas Securities LLC now owns 34,668 shares of the real estate investment trust's stock valued at $439,000 after purchasing an additional 9,092 shares during the period. Cambridge Advisors Inc. lifted its position in shares of Dynex Capital by 7.6% during the 4th quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust's stock valued at $233,000 after buying an additional 1,300 shares in the last quarter. Finally, Westend Capital Management LLC lifted its position in shares of Dynex Capital by 37.0% during the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 919 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company's stock.

Dynex Capital Price Performance

Shares of NYSE:DX traded up $0.05 during trading on Thursday, hitting $12.65. 1,542,911 shares of the company were exchanged, compared to its average volume of 2,128,427. The business's 50 day moving average is $12.55 and its 200-day moving average is $12.45. The company has a market capitalization of $1.00 billion, a P/E ratio of 10.04 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 has a 1-year low of $11.36 and a 1-year high of $13.13.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.39). The company had revenue of $83.46 million during the quarter, compared to the consensus estimate 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. Equities analysts forecast that Dynex Capital will post 1.03 earnings per share for the current year.

Dynex Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 23rd will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.23%. The ex-dividend date of this dividend is Thursday, January 23rd. Dynex Capital's payout ratio is 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.