Dynex Capital (NYSE:DX) Sees Unusually-High Trading Volume - Should You Buy?

Dynex Capital, Inc. (NYSE:DX - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,199,762 shares changed hands during mid-day trading, a decline of 17% from the previous session's volume of 1,453,056 shares.The stock last traded at $12.65 and had previously closed at $12.63.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. JMP Securities reaffirmed a "market perform" rating on shares of Dynex Capital in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Dynex Capital currently has an average rating of "Hold" and an average price target of $13.35.

Dynex Capital Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20. The business's 50-day moving average price is $12.47 and its two-hundred day moving average price is $12.20. The company has a market capitalization of $805.49 million, a P/E ratio of 10.83 and a beta of 1.33.

Dynex Capital (NYSE:DX - Get Free Report) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.30). Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. The firm had revenue of $76.05 million for the quarter. During the same quarter last year, the firm posted ($0.27) EPS. As a group, analysts forecast that Dynex Capital, Inc. will post 1 EPS for the current fiscal year.

Dynex Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 25th will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.44%. The ex-dividend date of this dividend is Friday, October 25th. Dynex Capital's dividend payout ratio is 133.33%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in Dynex Capital in the 2nd quarter valued at $81,000. Valley Brook Capital Group Inc. bought a new position in shares of Dynex Capital in the first quarter worth about $103,000. ProShare Advisors LLC acquired a new position in Dynex Capital during the 1st quarter worth approximately $126,000. Squarepoint Ops LLC bought a new position in shares of Dynex Capital in the 2nd quarter valued at $128,000. Finally, Creative Planning bought a new position in Dynex Capital in the third quarter valued at about $175,000. 38.34% of the stock is owned by institutional investors.

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.