Dynex Capital Inc (NYSE:DX) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.80 and last traded at $5.83, with a volume of 476724 shares trading hands. The stock had previously closed at $5.89.

A number of brokerages recently issued reports on DX. ValuEngine raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Keefe, Bruyette & Woods set a $7.00 price target on shares of Dynex Capital and gave the company a “hold” rating in a research report on Thursday, August 2nd.

The stock has a market cap of $341.05 million, a PE ratio of 7.96 and a beta of 0.55.

Dynex Capital (NYSE:DX) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $11.75 million during the quarter. Dynex Capital had a net margin of 93.79% and a return on equity of 13.60%. Equities analysts anticipate that Dynex Capital Inc will post 0.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 3rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a $0.72 annualized dividend and a yield of 12.35%. Dynex Capital’s dividend payout ratio (DPR) is presently 98.63%.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Dynex Capital by 13.5% in the second quarter. BlackRock Inc. now owns 3,361,558 shares of the real estate investment trust’s stock worth $21,950,000 after buying an additional 399,714 shares during the last quarter. UBS Group AG raised its holdings in Dynex Capital by 6.2% in the first quarter. UBS Group AG now owns 1,822,355 shares of the real estate investment trust’s stock worth $12,082,000 after buying an additional 105,856 shares during the last quarter. LSV Asset Management raised its holdings in Dynex Capital by 1.1% in the second quarter. LSV Asset Management now owns 1,730,788 shares of the real estate investment trust’s stock worth $11,302,000 after buying an additional 18,800 shares during the last quarter. Millennium Management LLC raised its holdings in Dynex Capital by 7.0% in the first quarter. Millennium Management LLC now owns 992,401 shares of the real estate investment trust’s stock worth $6,580,000 after buying an additional 64,664 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Dynex Capital by 34.3% in the first quarter. JPMorgan Chase & Co. now owns 793,109 shares of the real estate investment trust’s stock worth $5,258,000 after buying an additional 202,450 shares during the last quarter. 51.17% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Company Profile (NYSE:DX)

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.

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