Dynex Capital, Inc. (NYSE:DX) Receives $13.56 Consensus PT from Analysts

Dynex Capital, Inc. (NYSE:DX - Get Free Report) has received an average recommendation of "Moderate Buy" from the five brokerages that are covering the firm, 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 1-year price target among brokers that have issued a report on the stock in the last year is $13.56.

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

Dynex Capital Stock Up 0.5 %

Shares of Dynex Capital stock traded up $0.07 on Monday, hitting $13.88. 2,450,398 shares of the company traded hands, compared to its average volume of 2,441,639. 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 12-month low of $11.36 and a 12-month high of $13.95. The company has a 50-day moving average price of $12.84 and a 200 day moving average price of $12.59. The company has a market cap of $1.10 billion, a PE ratio of 9.44 and a beta of 1.31.

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 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%. Sell-side analysts predict that Dynex Capital will post 1.94 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, March 3rd. Stockholders of record on Monday, February 24th will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 12.97%. The ex-dividend date is Monday, February 24th. Dynex Capital's dividend payout ratio is currently 122.45%.

Hedge Funds Weigh In On Dynex Capital

Several large investors have recently made changes to their positions in DX. Vanguard Group Inc. increased its position in Dynex Capital by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust's stock worth $54,615,000 after buying an additional 260,798 shares during the period. Victory Capital Management Inc. raised its stake in Dynex Capital by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust's stock valued at $26,704,000 after purchasing an additional 136,776 shares during the last quarter. Geode Capital Management LLC grew its position in Dynex Capital by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock worth $23,256,000 after purchasing an additional 136,280 shares during the last quarter. State Street Corp increased its holdings in shares of Dynex Capital by 2.9% during the 3rd 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 acquiring an additional 81,510 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.

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.