Dynex Capital (NYSE:DX) Raised to “C” at TheStreet

TheStreet upgraded shares of Dynex Capital (NYSE:DX) from a d rating to a c rating in a report released on Wednesday, TheStreetRatingsTable reports.

Several other analysts have also commented on the stock. Zacks Investment Research raised shares of Dynex Capital from a strong sell rating to a hold rating in a research report on Tuesday, July 7th. ValuEngine lowered shares of Dynex Capital from a sell rating to a strong sell rating in a research report on Friday, July 3rd. Finally, LADENBURG THALM/SH SH raised shares of Dynex Capital from a neutral rating to a buy rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $16.25.

NYSE:DX opened at $15.45 on Wednesday. Dynex Capital has a 1-year low of $7.04 and a 1-year high of $20.34. The company has a 50-day moving average of $14.36 and a 200 day moving average of $14.80. The firm has a market cap of $355.04 million, a PE ratio of 3.60 and a beta of 1.33.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.08. Dynex Capital had a net margin of 76.32% and a return on equity of 14.20%. The company had revenue of $15.00 million during the quarter. As a group, sell-side analysts predict that Dynex Capital will post 1.3 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Thursday, July 23rd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.56 annualized dividend and a dividend yield of 10.10%. Dynex Capital’s dividend payout ratio (DPR) is currently 74.64%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can acquired a new position in shares of Dynex Capital during the fourth quarter valued at about $28,000. Tower Research Capital LLC TRC increased its holdings in shares of Dynex Capital by 1,659.2% during the first quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 3,418 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Dynex Capital by 19.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,920 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 1,117 shares in the last quarter. KBC Group NV acquired a new position in shares of Dynex Capital during the first quarter valued at about $132,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Dynex Capital during the first quarter valued at about $133,000. Hedge funds and other institutional investors own 52.27% of the company’s stock.

Dynex Capital Company Profile

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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