ValuEngine lowered shares of Dynex Capital (NYSE:DX) from a buy rating to a hold rating in a research note issued to investors on Thursday, ValuEngine reports.
A number of other research firms have also weighed in on DX. Zacks Investment Research raised Dynex Capital from a strong sell rating to a hold rating in a research report on Tuesday, July 2nd. LADENBURG THALM/SH SH lowered Dynex Capital from a buy rating to a neutral rating and set a $18.21 price objective for the company. in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Dynex Capital currently has a consensus rating of Hold and an average price target of $19.82.
DX stock traded down $0.40 on Thursday, reaching $15.75. 9,739 shares of the company traded hands, compared to its average volume of 361,405. Dynex Capital has a one year low of $15.78 and a one year high of $19.62. The company has a market cap of $395.81 million, a P/E ratio of 7.18 and a beta of 0.61. The firm’s fifty day simple moving average is $15.25.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). Dynex Capital had a negative net margin of 157.13% and a positive return on equity of 12.95%. The company had revenue of $12.94 million for the quarter. As a group, analysts predict that Dynex Capital will post 1.85 earnings per share for the current year.
The firm also recently announced a monthly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 22nd were issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 13.71%. The ex-dividend date of this dividend was Friday, July 19th. Dynex Capital’s payout ratio is 98.63%.
Institutional investors have recently bought and sold shares of the business. Yorktown Management & Research Co Inc acquired a new position in shares of Dynex Capital in the second quarter worth $988,000. Whitener Capital Management Inc. acquired a new position in shares of Dynex Capital in the second quarter worth $33,000. Janney Montgomery Scott LLC acquired a new position in shares of Dynex Capital in the second quarter worth $1,295,000. WINTON GROUP Ltd grew its stake in shares of Dynex Capital by 70.4% in the second quarter. WINTON GROUP Ltd now owns 18,890 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 7,802 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Dynex Capital by 75.4% in the first quarter. First Trust Advisors LP now owns 188,675 shares of the real estate investment trust’s stock worth $1,149,000 after acquiring an additional 81,084 shares in the last quarter.
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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