Dynex Capital, Inc. (NYSE:DX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dynex Capital, Inc. (NYSE:DX) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.63.

Several equities analysts have recently weighed in on DX shares. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday. Compass Point assumed coverage on Dynex Capital in a report on Friday, April 12th. They issued a “buy” rating and a $14.50 target price on the stock. Jonestrading raised their target price on Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, StockNews.com raised Dynex Capital to a “sell” rating in a research report on Tuesday, December 26th.

Hedge Funds Weigh In On Dynex Capital

Several hedge funds have recently made changes to their positions in DX. BlackRock Inc. grew its position in Dynex Capital by 2.0% during the second quarter. BlackRock Inc. now owns 4,765,577 shares of the real estate investment trust’s stock worth $59,999,000 after buying an additional 92,748 shares in the last quarter. Vanguard Group Inc. grew its position in Dynex Capital by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 3,001,048 shares of the real estate investment trust’s stock worth $37,573,000 after buying an additional 82,388 shares in the last quarter. Victory Capital Management Inc. grew its position in Dynex Capital by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,624,319 shares of the real estate investment trust’s stock worth $20,336,000 after buying an additional 43,862 shares in the last quarter. JPMorgan Chase & Co. grew its position in Dynex Capital by 30.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,500,269 shares of the real estate investment trust’s stock worth $19,084,000 after buying an additional 348,149 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its position in Dynex Capital by 105.9% during the third quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust’s stock worth $17,014,000 after buying an additional 751,053 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Price Performance

DX stock opened at $11.49 on Friday. The firm has a market cap of $679.11 million, a price-to-earnings ratio of -41.02 and a beta of 1.33. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06. Dynex Capital has a 12-month low of $9.57 and a 12-month high of $13.56. The company’s fifty day simple moving average is $12.22 and its 200 day simple moving average is $11.93.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The firm had revenue of $71.19 million during the quarter. Dynex Capital had a negative net margin of 2.95% and a negative return on equity of 6.04%.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be given a $0.13 dividend. This represents a $1.56 annualized dividend and a dividend yield of 13.58%. The ex-dividend date of this dividend is Monday, April 22nd. Dynex Capital’s dividend payout ratio (DPR) is presently -557.12%.

Dynex Capital Company Profile

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.