Dynex Capital (NYSE:DX) Reaches New 12-Month High - What's Next?

Dynex Capital, Inc. (NYSE:DX - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.25 and last traded at $14.15, with a volume of 616947 shares changing hands. The stock had previously closed at $14.02.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DX shares. StockNews.com upgraded Dynex Capital from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.

Dynex Capital Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 9.45 and a beta of 1.35. The company has a 50-day simple moving average of $13.25 and a two-hundred day simple moving average of $12.77.

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 for the quarter, missing analysts' consensus estimates 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 predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current year.

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Dynex Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.68%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Dynex Capital's previous monthly dividend of $0.15. Dynex Capital's payout ratio is 138.78%.

Institutional Trading of Dynex Capital

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Dynex Capital by 6.4% during 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 acquiring an additional 260,798 shares during the period. Victory Capital Management Inc. lifted its holdings in Dynex Capital by 7.0% in the third quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust's stock worth $26,704,000 after purchasing an additional 136,776 shares during the period. 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 valued at $23,256,000 after buying an additional 136,280 shares in the last quarter. State Street Corp increased its stake in 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 valued at $19,977,000 after buying an additional 44,302 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Dynex Capital by 6.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust's stock worth $18,053,000 after buying an additional 81,510 shares in the last quarter. 38.34% of the stock is currently owned by institutional investors and hedge funds.

About Dynex Capital

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.