Dynex Capital, Inc. (NYSE:DX) Stock Has Consensus Target Price of $13.94 According to Brokerages

Dynex Capital, Inc. (NYSE:DX) has earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.94.

A number of research analysts have recently commented on DX shares. JonesTrading reissued a “buy” rating and set a $14.75 target price on shares of Dynex Capital in a research report on Tuesday, July 21st. BTIG Research set a $12.00 price objective on Dynex Capital and gave the stock a “buy” rating in a report on Tuesday, October 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Dynex Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd.

Insider Buying and Selling at Dynex Capital

In other Dynex Capital news, CIO John Jr bought 2,500 shares of the business’s stock in a transaction on Friday, September 25th. The shares were purchased at an average price of $11.18 per share, with a total value of $27,950.00. Following the completion of the acquisition, the executive directly owned 58,695 shares of the company’s stock, valued at approximately $656,210.10. The trade was a 4.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Integrity Alliance LLC. increased its holdings in shares of Dynex Capital by 6.9% in the 2nd quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 1,081 shares during the last quarter. IMG Wealth Management Inc. grew its position in shares of Dynex Capital by 55.9% in the 1st quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,222 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Dynex Capital by 10.4% in the 2nd quarter. Pictet Asset Management Holding SA now owns 23,872 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 2,245 shares during the period. Versant Capital Management Inc lifted its position in Dynex Capital by 891.8% during the second quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 2,604 shares during the period. Finally, Allworth Financial LP increased its position in Dynex Capital by 5.1% during the 2nd quarter. Allworth Financial LP now owns 55,923 shares of the real estate investment trust’s stock valued at $733,000 after buying an additional 2,689 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Price Performance

Dynex Capital stock opened at $10.86 on Wednesday. Dynex Capital has a 1 year low of $10.36 and a 1 year high of $14.93. The firm has a 50 day moving average price of $12.27 and a 200 day moving average price of $12.78. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 9.56 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%. The firm had revenue of $302.75 million for the quarter, compared to analysts’ expectations of $103.62 million.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 22nd will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, October 22nd. This represents a $2.04 annualized dividend and a yield of 18.8%. Dynex Capital’s payout ratio is presently 77.57%.

Dynex Capital Company Profile

Dynex Capital, Inc (NYSE: DX) is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.