Shares of Dynex Capital, Inc. (NYSE:DX) have received a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.25.
A number of research analysts recently issued reports on the stock. TheStreet cut shares of Dynex Capital from a “c” rating to a “d+” rating in a report on Wednesday, May 2nd. ValuEngine cut shares of Dynex Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price objective on shares of Dynex Capital in a report on Friday, February 23rd.
A number of institutional investors and hedge funds have recently made changes to their positions in DX. Millennium Management LLC lifted its stake in Dynex Capital by 187.2% in the fourth quarter. Millennium Management LLC now owns 927,737 shares of the real estate investment trust’s stock valued at $6,503,000 after buying an additional 604,668 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Dynex Capital by 314.0% in the fourth quarter. Allianz Asset Management GmbH now owns 668,491 shares of the real estate investment trust’s stock valued at $4,686,000 after buying an additional 507,009 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Dynex Capital by 50.3% in the fourth quarter. Two Sigma Advisers LP now owns 713,277 shares of the real estate investment trust’s stock valued at $5,000,000 after buying an additional 238,700 shares in the last quarter. Deutsche Bank AG lifted its stake in Dynex Capital by 75.4% in the fourth quarter. Deutsche Bank AG now owns 531,253 shares of the real estate investment trust’s stock valued at $3,723,000 after buying an additional 228,384 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Dynex Capital by 27.1% in the fourth 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 in the last quarter. 52.22% of the stock is currently owned by hedge funds and other institutional investors.
NYSE DX traded down $0.04 during trading on Friday, reaching $6.53. 188,036 shares of the stock traded hands, compared to its average volume of 234,680. The stock has a market cap of $364.58 million, a P/E ratio of 8.95 and a beta of 0.61. Dynex Capital has a fifty-two week low of $6.51 and a fifty-two week high of $6.59.
Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $13.60 million for the quarter. Dynex Capital had a net margin of 71.08% and a return on equity of 12.27%. analysts forecast that Dynex Capital will post 0.71 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Tuesday, April 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date was Monday, April 2nd. Dynex Capital’s payout ratio is currently 98.63%.
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.
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