Dynex Capital Inc. (DX) Sets New 1-Year High at $7.50
Dynex Capital Inc. (NYSE:DX) shares reached a new 52-week high during trading on Thursday . The company traded as high as $7.50 and last traded at $7.42, with a volume of 121,486 shares changing hands. The stock had previously closed at $7.41.
A number of research analysts have commented on DX shares. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Ladenburg Thalmann cut Dynex Capital from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a research note on Thursday, April 28th. Finally, TheStreet cut Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. One equities research 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 a consensus rating of “Hold” and an average target price of $7.45.
The firm has a 50 day moving average price of $6.98 and a 200-day moving average price of $6.67. The company’s market cap is $364.91 million.
Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, July 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. During the same period in the previous year, the company posted $0.21 earnings per share. The firm earned $16.72 million during the quarter, compared to analysts’ expectations of $16.56 million. Dynex Capital’s revenue was down 12.0% on a year-over-year basis. On average, equities research analysts forecast that Dynex Capital Inc. will post $1.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Wednesday, July 6th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 11.34%. The ex-dividend date was Friday, July 1st.
In other news, Director Barry Igdaloff sold 8,911 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $6.63, for a total transaction of $59,079.93. Following the completion of the sale, the director now directly owns 319,848 shares of the company’s stock, valued at approximately $2,120,592.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas B. Akin sold 72,317 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $6.73, for a total value of $486,693.41. Following the sale, the director now directly owns 1,308,472 shares of the company’s stock, valued at $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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