Dynex Capital, Inc. (NYSE:DX) Receives $13.35 Consensus PT from Analysts

Shares of Dynex Capital, Inc. (NYSE:DX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $13.35.

Several analysts have recently weighed in on the stock. JMP Securities restated a "market perform" rating on shares of Dynex Capital in a research report on Wednesday, August 28th. StockNews.com downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st.

Dynex Capital Stock Down 0.4 %

Dynex Capital stock traded down $0.05 during trading on Tuesday, reaching $12.36. The stock had a trading volume of 3,123,210 shares, compared to its average volume of 1,511,940. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Dynex Capital has a 52-week low of $9.61 and a 52-week high of $13.13. The stock has a market cap of $923.42 million, a PE ratio of 9.83 and a beta of 1.33. The business has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.22.

Dynex Capital (NYSE:DX - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 5.06% and a net margin of 28.83%. The firm had revenue of $83.46 million for the quarter, compared to analyst estimates of $4.92 million. During the same quarter in the previous year, the firm posted ($0.28) EPS. On average, analysts predict that Dynex Capital will post 1.03 EPS for the current year.

Dynex Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. This is an increase from Dynex Capital's previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a yield of 14.56%. The ex-dividend date is Friday, November 22nd. Dynex Capital's dividend payout ratio (DPR) is presently 123.81%.

Hedge Funds Weigh In On Dynex Capital

Several institutional investors have recently added to or reduced their stakes in DX. Vanguard Group Inc. raised its position in Dynex Capital by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,042,634 shares of the real estate investment trust's stock worth $37,881,000 after buying an additional 41,586 shares during the last quarter. Millennium Management LLC lifted its position in Dynex Capital by 62.1% in the second quarter. Millennium Management LLC now owns 2,575,848 shares of the real estate investment trust's stock valued at $30,756,000 after purchasing an additional 986,471 shares during the period. Victory Capital Management Inc. boosted its holdings in Dynex Capital by 11.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,956,032 shares of the real estate investment trust's stock valued at $23,355,000 after purchasing an additional 199,337 shares in the last quarter. Van ECK Associates Corp increased its position in Dynex Capital by 69.1% during the 2nd quarter. Van ECK Associates Corp now owns 719,151 shares of the real estate investment trust's stock worth $8,587,000 after purchasing an additional 293,888 shares during the period. Finally, Peregrine Capital Management LLC raised its stake in shares of Dynex Capital by 15.8% during the 2nd quarter. Peregrine Capital Management LLC now owns 552,260 shares of the real estate investment trust's stock worth $6,594,000 after buying an additional 75,553 shares in the last quarter. Institutional investors and hedge funds 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.