Analysts Set Dynex Capital, Inc. (NYSE:DX) PT at $13.56

Shares of Dynex Capital, Inc. (NYSE:DX - Get Free Report) have received an average rating of "Moderate Buy" from the four ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.33.

Several equities research analysts recently weighed in on the company. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price target on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd.

Hedge Funds Weigh In On Dynex Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Dynex Capital by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 652,132 shares of the real estate investment trust's stock worth $8,249,000 after buying an additional 42,012 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dynex Capital by 68.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,044 shares of the real estate investment trust's stock valued at $1,340,000 after acquiring an additional 42,755 shares during the last quarter. Barclays PLC raised its position in Dynex Capital by 833.2% during the third quarter. Barclays PLC now owns 218,853 shares of the real estate investment trust's stock valued at $2,793,000 after purchasing an additional 195,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Dynex Capital during the fourth quarter worth about $1,510,000. Finally, State Street Corp lifted its stake in Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust's stock worth $19,977,000 after purchasing an additional 44,302 shares during the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Stock Performance

DX traded up $0.26 during midday trading on Tuesday, reaching $11.39. The company had a trading volume of 6,508,133 shares, compared to its average volume of 2,190,270. Dynex Capital has a 12-month low of $10.79 and a 12-month high of $14.52. The business has a 50-day moving average price of $13.40 and a two-hundred day moving average price of $12.83. The stock has a market cap of $1.10 billion, a PE ratio of 7.74 and a beta of 1.14. 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 - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. On average, sell-side analysts expect that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 17.92%. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's dividend payout ratio is 138.78%.

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.