Dynex Capital Inc. (NYSE:DX) shares hit a new 52-week high during trading on Friday . The stock traded as high as $7.40 and last traded at $7.39, with a volume of 136,568 shares. The stock had previously closed at $7.24.

DX has been the subject of several recent analyst reports. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. TheStreet lowered Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Finally, Ladenburg Thalmann lowered Dynex Capital from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.46.

The firm’s market capitalization is $363.18 million. The firm’s 50 day moving average price is $6.82 and its 200 day moving average price is $6.56.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $16.72 million for the quarter, compared to the consensus estimate of $16.56 million. During the same period last year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. Equities research analysts predict that Dynex Capital Inc. will post $1.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, July 6th were issued a $0.21 dividend. The ex-dividend date was Friday, July 1st. This represents a $0.84 dividend on an annualized basis and a yield of 11.37%.

In other news, Director Thomas B. Akin sold 53,905 shares of the business’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $6.85, for a total transaction of $369,249.25. Following the completion of the sale, the director now owns 1,308,472 shares of the company’s stock, valued at $8,963,033.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas B. Akin sold 72,317 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $6.73, for a total transaction of $486,693.41. Following the sale, the director now directly owns 1,308,472 shares of the company’s stock, valued at approximately $8,806,016.56. The disclosure for this sale can be found here.

Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.

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