Dynex Capital (NYSE:DX) Share Price Crosses Above 200 Day Moving Average of $11.99

Dynex Capital, Inc. (NYSE:DX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.99 and traded as high as $12.40. Dynex Capital shares last traded at $12.40, with a volume of 903,836 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group assumed coverage on Dynex Capital in a research report on Wednesday, December 6th. They set a “neutral” rating and a $12.50 price target on the stock. Jonestrading lifted their price target on Dynex Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com upgraded Dynex Capital to a “sell” rating in a research note on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods lifted their price target on Dynex Capital from $11.00 to $13.50 and gave the company an “outperform” rating in a research note on Wednesday, December 13th. 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. Based on data from MarketBeat.com, Dynex Capital currently has an average rating of “Hold” and an average price target of $13.33.

Dynex Capital Stock Performance

The company has a market capitalization of $725.90 million, a price-to-earnings ratio of -44.28 and a beta of 1.33. The stock has a fifty day moving average price of $12.37 and a two-hundred day moving average price of $11.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The firm had revenue of $71.19 million for the quarter. Dynex Capital had a negative net margin of 2.95% and a negative return on equity of 6.04%.

Dynex Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 12.58%. The ex-dividend date of this dividend is Thursday, March 21st. Dynex Capital’s payout ratio is currently -557.12%.

Institutional Trading of Dynex Capital

Several hedge funds and other institutional investors have recently modified their holdings of the business. American International Group Inc. raised its holdings in shares of Dynex Capital by 3.7% during the fourth quarter. American International Group Inc. now owns 21,565 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 778 shares in the last quarter. Raymond James & Associates raised its holdings in Dynex Capital by 5.4% during the fourth quarter. Raymond James & Associates now owns 16,347 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 839 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Dynex Capital by 1.9% in the third quarter. GSA Capital Partners LLP now owns 55,134 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 1,005 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Dynex Capital by 14.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Dynex Capital by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 21,180 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 38.34% 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.