Keefe, Bruyette & Woods restated their hold rating on shares of Dynex Capital (NYSE:DX) in a research note issued to investors on Friday. The firm currently has a $7.00 price target on the real estate investment trust’s stock.
Separately, Zacks Investment Research raised shares of Dynex Capital from a hold rating to a buy rating and set a $8.00 price objective on the stock in a research report on Tuesday, December 12th.
Dynex Capital (DX) traded up $0.09 during trading on Friday, reaching $6.33. 230,001 shares of the company’s stock were exchanged, compared to its average volume of 406,058. The firm has a market cap of $352.22, a price-to-earnings ratio of 14.39 and a beta of 0.66. Dynex Capital has a 12 month low of $6.03 and a 12 month high of $7.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.08 and a current ratio of 0.08.
Dynex Capital (NYSE:DX) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. Dynex Capital had a net margin of 35.86% and a return on equity of 11.32%. The company had revenue of $14.07 million for the quarter, compared to analyst estimates of $15.90 million. During the same period in the prior year, the business earned $0.20 EPS. analysts predict that Dynex Capital will post 0.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date was Thursday, December 28th. Dynex Capital’s dividend payout ratio is presently 163.64%.
Several large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Dynex Capital by 0.9% in the 4th quarter. BlackRock Inc. now owns 2,988,047 shares of the real estate investment trust’s stock valued at $20,946,000 after buying an additional 27,359 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Dynex Capital by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,120,969 shares of the real estate investment trust’s stock valued at $15,059,000 after buying an additional 60,328 shares during the last quarter. LSV Asset Management grew its position in shares of Dynex Capital by 3.1% in the 4th quarter. LSV Asset Management now owns 1,627,500 shares of the real estate investment trust’s stock valued at $11,408,000 after buying an additional 49,700 shares during the last quarter. State Street Corp grew its position in shares of Dynex Capital by 3.6% in the 2nd quarter. State Street Corp now owns 1,180,035 shares of the real estate investment trust’s stock valued at $8,375,000 after buying an additional 41,475 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Dynex Capital by 27.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,027,906 shares of the real estate investment trust’s stock valued at $7,206,000 after buying an additional 219,006 shares during the last quarter. 39.80% of the stock is currently owned by institutional investors.
WARNING: This piece was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/24/dynex-capitals-dx-hold-rating-reaffirmed-at-keefe-bruyette-woods.html.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.