Dynex Capital, Inc. (NYSE:DX) Receives Average Recommendation of "Moderate Buy" from Brokerages

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

Several research analysts have issued reports on DX shares. JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st.

Dynex Capital Trading Up 0.8 %

DX traded up $0.12 during trading on Friday, hitting $14.34. The company's stock had a trading volume of 2,322,600 shares, compared to its average volume of 1,884,215. The firm has a market capitalization of $1.30 billion, a P/E ratio of 9.75 and a beta of 1.35. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $14.52. The stock's fifty day moving average price is $13.33 and its 200-day moving average price is $12.80. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01.

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Dynex Capital (NYSE:DX - Get Free Report) last issued its 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%. Analysts anticipate that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 14.23%. This is an increase from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's dividend payout ratio is 138.78%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DX. Sterling Capital Management LLC increased its stake in Dynex Capital by 838.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 2,223 shares during the last quarter. Westend Capital Management LLC lifted its holdings in Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 919 shares during the period. New Age Alpha Advisors LLC purchased a new position in Dynex Capital in the fourth quarter worth $43,000. PNC Financial Services Group Inc. grew its stake in Dynex Capital by 87.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,700 shares during the period. Finally, US Bancorp DE increased its position in shares of Dynex Capital by 567.1% during the 4th quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 3,227 shares during the last quarter. 38.34% of the stock is owned by institutional investors.

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.