Dynex Capital (NYSE:DX) Upgraded at StockNews.com

StockNews.com upgraded shares of Dynex Capital (NYSE:DX - Free Report) from a sell rating to a hold rating in a report published on Friday morning.

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.56.

Dynex Capital Stock Performance

Dynex Capital stock traded up $0.07 during midday trading on Friday, reaching $13.28. 2,017,252 shares of the stock traded hands, compared to its average volume of 2,493,215. Dynex Capital has a fifty-two week low of $11.36 and a fifty-two week high of $13.43. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 9.03 and a beta of 1.31. The firm has a fifty day moving average price of $12.62 and a two-hundred day moving average price of $12.48.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings data 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, equities research analysts forecast that Dynex Capital will post 1.94 earnings per share for the current year.

Dynex Capital Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd were given a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 13.56%. The ex-dividend date of this dividend was Thursday, January 23rd. Dynex Capital's dividend payout ratio (DPR) is presently 122.45%.

Hedge Funds Weigh In On Dynex Capital

Several large investors have recently made changes to their positions in DX. Westend Capital Management LLC lifted its stake 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 valued at $43,000 after purchasing an additional 919 shares during the last quarter. Cambridge Advisors Inc. boosted its holdings in shares of Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust's stock worth $233,000 after buying an additional 1,300 shares during the period. Signaturefd LLC lifted its position in shares of Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,661 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Dynex Capital by 8.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,809 shares of the real estate investment trust's stock worth $329,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Dynex Capital by 2.0% in the fourth quarter. Rhumbline Advisers now owns 107,570 shares of the real estate investment trust's stock valued at $1,361,000 after purchasing an additional 2,072 shares in the last quarter. Institutional investors 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.