Dynex Capital (NYSE:DX - Free Report) had its price objective trimmed by Jones Trading from $13.25 to $12.50 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust's stock.
A number of other research firms also recently issued reports on DX. StockNews.com upgraded shares of Dynex Capital from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on shares of Dynex Capital from $13.25 to $12.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.83.
Check Out Our Latest Research Report on DX
Dynex Capital Stock Up 1.7 %
Dynex Capital stock traded up $0.20 during midday trading on Monday, hitting $12.18. The stock had a trading volume of 970,178 shares, compared to its average volume of 2,266,574. The business has a fifty day moving average price of $13.09 and a 200 day moving average price of $12.79. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.52. The stock has a market cap of $1.17 billion, a P/E ratio of 8.28 and a beta of 1.14. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.
Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. The business had revenue of $17.13 million for the quarter, compared to analyst estimates of $11.41 million. Research analysts predict that Dynex Capital will post 1.94 EPS for the current year.
Dynex Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.04 annualized dividend and a dividend yield of 16.74%. Dynex Capital's dividend payout ratio is currently 138.78%.
Institutional Trading of Dynex Capital
Several hedge funds have recently bought and sold shares of the company. Zacks Investment Management acquired a new position in shares of Dynex Capital during the fourth quarter worth approximately $4,275,000. Vanguard Group Inc. raised its stake 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 valued at $54,615,000 after acquiring an additional 260,798 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. Mesirow Institutional Investment Management Inc. grew its stake in shares of Dynex Capital by 29.1% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,976 shares of the real estate investment trust's stock worth $13,409,000 after purchasing an additional 239,053 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Dynex Capital by 29.3% during the fourth quarter. Ameriprise Financial Inc. now owns 914,121 shares of the real estate investment trust's stock valued at $11,564,000 after purchasing an additional 207,413 shares during the period. 38.34% of the stock is currently owned by institutional investors.
About Dynex Capital
(
Get Free Report)
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.
Further Reading
Before you consider Dynex Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dynex Capital wasn't on the list.
While Dynex Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
