Dynex Capital, Inc. (NYSE:DX) Given Consensus Rating of “Hold” by Brokerages
Shares of Dynex Capital, Inc. (NYSE:DX) have earned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $7.13.
DX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price objective on shares of Dynex Capital in a research note on Wednesday, April 26th.
Dynex Capital (NYSE DX) traded down 0.42% during mid-day trading on Friday, reaching $7.11. The company had a trading volume of 376,433 shares. Dynex Capital has a 12 month low of $6.49 and a 12 month high of $7.61. The firm’s 50-day moving average price is $6.97 and its 200-day moving average price is $6.89. The stock has a market cap of $350.05 million, a PE ratio of 4.62 and a beta of 0.85.
Dynex Capital (NYSE:DX) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $14.26 million. Dynex Capital had a return on equity of 11.01% and a net margin of 93.54%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities research analysts forecast that Dynex Capital will post $0.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Thursday, July 6th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, July 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.13%. Dynex Capital’s dividend payout ratio is 46.75%.
ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/08/05/dynex-capital-inc-nysedx-given-consensus-rating-of-hold-by-brokerages.html.
In related news, Director Barry Igdaloff sold 7,693 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $6.90, for a total value of $53,081.70. Following the completion of the sale, the director now directly owns 317,185 shares in the company, valued at approximately $2,188,576.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.14% of the company’s stock.
Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Dynex Capital by 73.0% in the fourth quarter. Renaissance Technologies LLC now owns 363,022 shares of the real estate investment trust’s stock valued at $2,476,000 after buying an additional 153,222 shares during the period. Norges Bank purchased a new stake in shares of Dynex Capital during the fourth quarter valued at about $1,348,000. Teachers Advisors LLC increased its stake in shares of Dynex Capital by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 92,579 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 707 shares during the period. James Investment Research Inc. increased its stake in shares of Dynex Capital by 134.4% in the first quarter. James Investment Research Inc. now owns 400,070 shares of the real estate investment trust’s stock valued at $2,836,000 after buying an additional 229,410 shares during the period. Finally, LSV Asset Management increased its stake in shares of Dynex Capital by 4.8% in the first quarter. LSV Asset Management now owns 1,479,598 shares of the real estate investment trust’s stock valued at $10,490,000 after buying an additional 68,200 shares during the period. Institutional investors and hedge funds own 43.89% of the company’s stock.
About Dynex Capital
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
Receive News & Ratings for Dynex Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.