Dynex Capital (NYSE:DX) Hits New 1-Year High - Should You Buy?

Dynex Capital, Inc. (NYSE:DX - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $13.12 and last traded at $13.08, with a volume of 1840983 shares trading hands. The stock had previously closed at $12.86.

Analysts Set New Price Targets

A number of brokerages recently commented on DX. StockNews.com raised Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday. JMP Securities restated 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 an average price target of $13.56.

Dynex Capital Trading Down 0.4 %

The company has a 50 day moving average price of $12.61 and a 200 day moving average price of $12.48. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.99 and a beta of 1.31. 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 released 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, research analysts expect that Dynex Capital, Inc. 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, February 3rd. Shareholders of record on Thursday, January 23rd will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.62%. The ex-dividend date is Thursday, January 23rd. Dynex Capital's dividend payout ratio (DPR) is presently 122.45%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Dynex Capital by 1,152.5% during the third quarter. International Assets Investment Management LLC now owns 406,532 shares of the real estate investment trust's stock worth $5,187,000 after buying an additional 374,074 shares in the last quarter. Geode Capital Management LLC boosted its position in Dynex Capital by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,701,740 shares of the real estate investment trust's stock worth $21,718,000 after acquiring an additional 253,660 shares during the period. Wolverine Asset Management LLC grew its position in Dynex Capital by 933.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 225,302 shares of the real estate investment trust's stock valued at $2,875,000 after buying an additional 203,494 shares in the last quarter. Quest Partners LLC bought a new position in shares of Dynex Capital in the third quarter valued at approximately $2,527,000. Finally, Barclays PLC increased its position in shares of Dynex Capital by 833.2% during the 3rd 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 during the period. 38.34% of the stock is 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.