Dynex Capital, Inc. (DX) Receives Average Rating of “Hold” from Analysts
Dynex Capital, Inc. (NYSE:DX) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $7.38.
DX has been the subject of a number of recent research reports. BidaskClub downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $7.50 target price on shares of Dynex Capital in a research report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.25 target price on shares of Dynex Capital in a research report on Friday, October 6th.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in Dynex Capital by 34.5% during the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 4,002 shares during the last quarter. HighTower Advisors LLC lifted its stake in Dynex Capital by 3.5% during the first quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 563 shares during the last quarter. Advisor Group Inc. lifted its stake in Dynex Capital by 16.5% during the second quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 2,500 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of Dynex Capital by 10.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 1,970 shares in the last quarter. Finally, Girard Partners LTD. purchased a new stake in shares of Dynex Capital in the 2nd quarter valued at approximately $160,000. 44.66% of the stock is owned by institutional investors and hedge funds.
Shares of Dynex Capital (NYSE:DX) opened at $7.02 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $359.86 million, a price-to-earnings ratio of 9.62 and a beta of 0.81.
Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Dynex Capital had a net margin of 86.86% and a return on equity of 11.23%. The business had revenue of $13.21 million during the quarter, compared to the consensus estimate of $15.36 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. analysts predict that Dynex Capital will post 0.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend was Monday, October 2nd. Dynex Capital’s dividend payout ratio is currently 50.00%.
Dynex Capital Company Profile
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.
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