Dynex Capital (NYSE:DX) Sets New 12-Month High - Should You Buy?

Dynex Capital, Inc. (NYSE:DX - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $13.44 and last traded at $13.39, with a volume of 418455 shares traded. The stock had previously closed at $13.34.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DX shares. StockNews.com raised shares of Dynex Capital from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Dynex Capital presently has an average rating of "Moderate Buy" and an average price target of $13.56.

Dynex Capital Stock Performance

The stock's 50 day moving average is $12.69 and its two-hundred day moving average is $12.51. The firm has a market capitalization of $1.06 billion, a P/E ratio of 9.07 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital (NYSE:DX - Get Free Report) last issued its earnings results 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%. As a group, equities analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd were given a dividend of $0.15 per share. The ex-dividend date was Thursday, January 23rd. This represents a $1.80 annualized dividend and a dividend yield of 13.50%. Dynex Capital's payout ratio is currently 122.45%.

Institutional Trading of Dynex Capital

A number of hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in Dynex Capital by 6.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 56,250 shares of the real estate investment trust's stock valued at $712,000 after purchasing an additional 3,317 shares in the last quarter. Founders Financial Alliance LLC increased its position in shares of Dynex Capital by 4.7% in the 4th quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust's stock valued at $268,000 after buying an additional 950 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,700 shares during the period. Raymond James Financial Inc. bought a new position in Dynex Capital during the fourth quarter worth about $1,510,000. Finally, Proficio Capital Partners LLC acquired a new position in Dynex Capital in the fourth quarter valued at about $1,150,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

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.