Dynex Capital, Inc. (NYSE:DX) Given Consensus Rating of “Moderate Buy” by Brokerages

Dynex Capital, Inc. (NYSE:DX) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.35.

A number of brokerages have recently issued reports on DX. Janney Montgomery Scott initiated coverage on Dynex Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $13.50 price target on the stock. Jonestrading reissued a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a report on Monday, April 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Dynex Capital from $13.50 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research note on Thursday, April 18th. Finally, Compass Point initiated coverage on shares of Dynex Capital in a research note on Friday, April 12th. They set a “buy” rating and a $14.50 price target on the stock.

Hedge Funds Weigh In On Dynex Capital

A number of institutional investors have recently bought and sold shares of DX. Jump Financial LLC purchased a new stake in shares of Dynex Capital in the fourth quarter worth about $903,000. International Assets Investment Management LLC increased its holdings in shares of Dynex Capital by 1,341.0% during the 4th quarter. International Assets Investment Management LLC now owns 399,520 shares of the real estate investment trust’s stock valued at $5,002,000 after purchasing an additional 371,795 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Dynex Capital by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust’s stock valued at $34,849,000 after purchasing an additional 34,429 shares during the period. Swiss National Bank boosted its holdings in Dynex Capital by 1.5% during the third quarter. Swiss National Bank now owns 118,933 shares of the real estate investment trust’s stock worth $1,420,000 after buying an additional 1,700 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Dynex Capital by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 404,037 shares of the real estate investment trust’s stock valued at $5,059,000 after buying an additional 24,210 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Stock Up 0.3 %

Shares of Dynex Capital stock opened at $11.75 on Wednesday. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.56. The firm’s 50 day moving average price is $12.06 and its 200-day moving average price is $12.24. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The company has a market cap of $754.47 million, a P/E ratio of 10.04 and a beta of 1.34.

Dynex Capital Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 24th were given a $0.13 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.56 dividend on an annualized basis and a yield of 13.28%. Dynex Capital’s dividend payout ratio is currently 133.33%.

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.