Brokerages Set Dynex Capital, Inc. (NYSE:DX) PT at $13.33

Shares of Dynex Capital, Inc. (NYSE:DX) have been assigned an average rating of “Moderate Buy” from the four analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.63.

Several equities research analysts have weighed in on the company. Jonestrading upped their target price on Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. StockNews.com upgraded Dynex Capital to a “sell” rating in a report on Tuesday, December 26th. Finally, 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 for the company.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. O Dell Group LLC acquired a new position in Dynex Capital during the 4th quarter valued at about $25,000. State of Wyoming acquired a new position in Dynex Capital during the 4th quarter valued at about $30,000. Westend Capital Management LLC acquired a new position in Dynex Capital during the 1st quarter valued at about $35,000. FMR LLC increased its position in Dynex Capital by 141.0% during the 1st quarter. FMR LLC now owns 3,210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,878 shares in the last quarter. Finally, Clear Street Markets LLC acquired a new position in Dynex Capital during the 4th quarter valued at about $39,000. 38.34% of the stock is owned by institutional investors.

Dynex Capital Price Performance

DX opened at $11.46 on Friday. The business has a fifty day moving average of $12.24 and a 200 day moving average of $11.94. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.56. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06. The stock has a market cap of $677.63 million, a P/E ratio of -40.93 and a beta of 1.33.

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

Dynex Capital Dividend Announcement

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 13.61%. The ex-dividend date is Monday, April 22nd. Dynex Capital’s payout ratio is -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.