Dynex Capital’s (DX) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market perform rating on shares of Dynex Capital (NYSE:DX) in a report issued on Thursday, Benzinga reports.

Other research analysts also recently issued research reports about the company. Compass Point started coverage on Dynex Capital in a report on Friday, April 12th. They set a buy rating and a $14.50 target price on the stock. StockNews.com raised Dynex Capital to a sell rating in a report on Tuesday, December 26th. Finally, Jonestrading increased 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $13.63.

Dynex Capital Trading Up 2.0 %

Shares of DX opened at $11.71 on Thursday. The company has a market capitalization of $692.41 million, a P/E ratio of -41.82 and a beta of 1.33. Dynex Capital has a one year low of $9.57 and a one year high of $13.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50-day moving average price of $12.21 and a 200 day moving average price of $11.94.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The business 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 dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.32%. The ex-dividend date of this dividend is Monday, April 22nd. Dynex Capital’s payout ratio is -557.12%.

Institutional Trading of Dynex Capital

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

About Dynex Capital

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.