Dynex Capital Inc. (DX) Sets New 52-Week High at $7.50
Shares of Dynex Capital Inc. (NYSE:DX) hit a new 52-week high during trading on Thursday . The stock traded as high as $7.50 and last traded at $7.42, with a volume of 121,486 shares trading hands. The stock had previously closed at $7.41.
Several analysts recently commented on DX shares. Zacks Investment Research upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Monday, May 30th. TheStreet cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Finally, Ladenburg Thalmann cut shares of 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.45.
The firm’s 50-day moving average is $7.01 and its 200-day moving average is $6.68. The firm’s market capitalization is $364.17 million.
Dynex Capital (NYSE:DX) last issued its earnings results 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 firm earned $16.72 million during the quarter, compared to the consensus estimate of $16.56 million. Dynex Capital’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Analysts anticipate that Dynex Capital Inc. will post $1.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors 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 11.34%.
In related news, Director Thomas B. Akin sold 53,905 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $6.85, for a total value of $369,249.25. Following the transaction, the director now owns 1,308,472 shares in the company, valued at $8,963,033.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas B. Akin sold 70,503 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $6.98, for a total value of $492,110.94. Following the completion of the transaction, the director now owns 1,308,472 shares in the company, valued at approximately $9,133,134.56. 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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