Dynex Capital's (DX) "Market Perform" Rating Reiterated at JMP Securities

Dynex Capital (NYSE:DX - Get Free Report)'s stock had its "market perform" rating reiterated by equities researchers at JMP Securities in a report released on Thursday,Benzinga reports.

Dynex Capital Stock Down 1.4 %

DX stock traded down $0.18 during mid-day trading on Thursday, reaching $12.59. 2,161,465 shares of the company traded hands, compared to its average volume of 2,170,103. The stock has a market cap of $997.99 million, a price-to-earnings ratio of 9.99 and a beta of 1.30. 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 fifty-two week low of $11.36 and a fifty-two week high of $13.13. The firm's 50 day moving average price is $12.55 and its 200 day moving average price is $12.44.

Dynex Capital (NYSE:DX - Get Free Report) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The business had revenue of $83.46 million during the quarter, compared to analysts' expectations of $4.92 million. During the same quarter in the previous year, the firm earned ($0.28) EPS. As a group, equities research analysts predict that Dynex Capital will post 1.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DX. Firethorn Wealth Partners LLC purchased a new stake in Dynex Capital during the fourth quarter valued at about $148,000. Janney Montgomery Scott LLC purchased a new stake in shares of Dynex Capital during the fourth quarter worth about $456,000. SG Americas Securities LLC boosted its holdings in shares of Dynex Capital by 35.5% during the fourth quarter. SG Americas Securities LLC now owns 34,668 shares of the real estate investment trust's stock worth $439,000 after purchasing an additional 9,092 shares during the period. Cambridge Advisors Inc. boosted its holdings in shares of Dynex Capital by 7.6% during the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust's stock worth $233,000 after purchasing an additional 1,300 shares during the period. Finally, Westend Capital Management LLC boosted its holdings in shares of 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 worth $43,000 after purchasing an additional 919 shares during the period. Institutional investors own 38.34% of the company's stock.

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.