Several analysts have recently updated their ratings and price targets for Dynex Capital (NYSE: DX):

  • 11/15/2018 – Dynex Capital was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Currently, the Company’s primary production operations include the origination of mortgage loans secured by multi-family properties and the origination of loans secured by manufactured homes. The Company has recently expanded its production activities to include commercial real estate loans and may expand into other financial products in the future. “
  • 11/14/2018 – Dynex Capital was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.75 price target on the stock. According to Zacks, “Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Currently, the Company’s primary production operations include the origination of mortgage loans secured by multi-family properties and the origination of loans secured by manufactured homes. The Company has recently expanded its production activities to include commercial real estate loans and may expand into other financial products in the future. “
  • 11/13/2018 – Dynex Capital was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/1/2018 – Dynex Capital was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 10/2/2018 – Dynex Capital was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of NYSE:DX opened at $6.00 on Monday. The firm has a market cap of $358.13 million, a PE ratio of 8.22 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.05 and a quick ratio of 0.05. Dynex Capital Inc has a 52-week low of $5.76 and a 52-week high of $7.34.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Dynex Capital had a return on equity of 13.92% and a net margin of 105.23%. The firm had revenue of $12.17 million during the quarter. On average, sell-side analysts anticipate that Dynex Capital Inc will post 0.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 3rd were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, October 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.00%. Dynex Capital’s dividend payout ratio (DPR) is presently 98.63%.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Dynex Capital by 7.9% during the 3rd quarter. BlackRock Inc. now owns 3,626,512 shares of the real estate investment trust’s stock worth $23,136,000 after purchasing an additional 264,954 shares in the last quarter. LSV Asset Management boosted its position in shares of Dynex Capital by 1.1% during the 2nd quarter. LSV Asset Management now owns 1,730,788 shares of the real estate investment trust’s stock worth $11,302,000 after purchasing an additional 18,800 shares in the last quarter. Northern Trust Corp boosted its position in shares of Dynex Capital by 6.0% during the 2nd quarter. Northern Trust Corp now owns 702,701 shares of the real estate investment trust’s stock worth $4,588,000 after purchasing an additional 39,700 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Dynex Capital by 14.4% during the 3rd quarter. Renaissance Technologies LLC now owns 623,454 shares of the real estate investment trust’s stock worth $3,978,000 after purchasing an additional 78,354 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Dynex Capital by 182.3% during the 2nd quarter. Citadel Advisors LLC now owns 573,607 shares of the real estate investment trust’s stock worth $3,745,000 after purchasing an additional 370,441 shares in the last quarter. 49.18% of the stock is currently owned by institutional investors.

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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