Dynex Capital (NYSE:DX) Upgraded at StockNews.com

StockNews.com upgraded shares of Dynex Capital (NYSE:DX) from a sell rating to a hold rating in a report released on Tuesday.

Several other equities analysts have also recently issued reports on the company. Jonestrading reaffirmed a buy rating and issued a $14.00 price objective on shares of Dynex Capital in a research report on Monday, April 22nd. JMP Securities reissued a market perform rating on shares of Dynex Capital in a report on Thursday, April 18th. Janney Montgomery Scott assumed coverage on Dynex Capital in a report on Thursday, June 6th. They set a buy rating and a $13.50 price target on the stock. Keefe, Bruyette & Woods lowered their price target on Dynex Capital from $13.50 to $12.25 and set an outperform rating on the stock in a report on Tuesday, April 23rd. Finally, Compass Point assumed coverage on Dynex Capital in a report on Friday, April 12th. They set a buy rating and a $14.50 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Dynex Capital currently has a consensus rating of Moderate Buy and a consensus target price of $13.35.

Dynex Capital Stock Performance

DX stock opened at $12.09 on Tuesday. The stock has a market capitalization of $775.98 million, a PE ratio of 10.33 and a beta of 1.34. Dynex Capital has a 12-month low of $9.57 and a 12-month high of $13.56. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $12.08 and its 200 day simple moving average is $12.20.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.30). The business had revenue of $76.05 million during the quarter. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.41%. During the same quarter in the previous year, the business earned ($0.27) earnings per share. As a group, research analysts forecast that Dynex Capital will post 0.75 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.91%. Dynex Capital’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Dynex Capital by 84.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,127,014 shares of the real estate investment trust’s stock worth $14,110,000 after acquiring an additional 516,898 shares in the last quarter. International Assets Investment Management LLC raised 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 worth $5,002,000 after acquiring an additional 371,795 shares in the last quarter. Algebris UK Ltd purchased a new stake in shares of Dynex Capital during the 1st quarter worth approximately $2,477,000. Significant Wealth Partners LLC purchased a new stake in shares of Dynex Capital during the 1st quarter worth approximately $1,186,000. Finally, Jump Financial LLC purchased a new stake in shares of Dynex Capital during the 4th quarter worth approximately $903,000. 38.34% of the stock is currently owned by institutional investors.

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.