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

by · The Cerbat Gem

Shares of Dynex Capital, Inc. (NYSE:DX – Get Free Report) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.9167.

DX has been the subject of several analyst reports. UBS Group set a $13.25 price target on Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Jones Trading restated a “buy” rating and set a $14.00 price objective on shares of Dynex Capital in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Dynex Capital from $14.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, December 18th.

Check Out Our Latest Stock Analysis on Dynex Capital

Dynex Capital Stock Performance

Shares of DX opened at $13.97 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $13.76 and its 200-day moving average price is $13.04. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52. The stock has a market cap of $2.05 billion, a P/E ratio of 9.44 and a beta of 0.98.

Dynex Capital (NYSE:DX – Get Free Report) last posted its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. The company had revenue of $421.91 million for the quarter, compared to the consensus estimate of $32.06 million. Equities research analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, January 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%. Dynex Capital’s dividend payout ratio (DPR) is presently 137.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in Dynex Capital by 37.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,458 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 4,473 shares in the last quarter. Maridea Wealth Management LLC bought a new position in Dynex Capital during the 4th quarter valued at about $402,000. GAMMA Investing LLC boosted its holdings in shares of Dynex Capital by 98.5% during the 4th quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 928 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Dynex Capital during the 3rd quarter valued at about $29,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Dynex Capital in the third quarter worth approximately $170,000. 38.34% of the stock is owned by institutional investors.

About Dynex Capital

(Get Free Report)

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.

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