Dynex Capital Inc (NYSE:DX)’s stock is scheduled to reverse split on Friday, June 21st. The 1-3 reverse split was announced on Thursday, June 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, June 20th.
NYSE DX opened at $5.62 on Friday. The firm has a market cap of $414.53 million, a price-to-earnings ratio of 7.70 and a beta of 0.64. Dynex Capital has a 52 week low of $5.41 and a 52 week high of $6.82.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $13.68 million during the quarter. Dynex Capital had a negative net margin of 71.70% and a positive return on equity of 13.53%. As a group, equities analysts anticipate that Dynex Capital will post 0.68 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.72 annualized dividend and a dividend yield of 12.81%. Dynex Capital’s dividend payout ratio (DPR) is 98.63%.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. LADENBURG THALM/SH SH downgraded Dynex Capital from a “buy” rating to a “neutral” rating and set a $6.07 target price for the company. in a research report on Thursday, May 2nd. ValuEngine downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, Nomura assumed coverage on Dynex Capital in a research report on Wednesday, March 27th. They set a “buy” rating and a $7.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.71.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Dynex Capital by 234.4% during the first quarter. FMR LLC now owns 4,726,214 shares of the real estate investment trust’s stock worth $28,782,000 after purchasing an additional 3,313,061 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Dynex Capital by 15.1% in the first quarter. BlackRock Inc. now owns 4,423,711 shares of the real estate investment trust’s stock valued at $26,940,000 after acquiring an additional 580,225 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dynex Capital by 19.6% in the third quarter. Vanguard Group Inc. now owns 3,329,780 shares of the real estate investment trust’s stock valued at $21,244,000 after acquiring an additional 544,936 shares in the last quarter. LSV Asset Management raised its holdings in shares of Dynex Capital by 3.2% in the fourth quarter. LSV Asset Management now owns 1,776,741 shares of the real estate investment trust’s stock valued at $10,162,000 after acquiring an additional 54,853 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Dynex Capital by 253.9% in the first quarter. Renaissance Technologies LLC now owns 966,500 shares of the real estate investment trust’s stock valued at $5,886,000 after acquiring an additional 693,423 shares in the last quarter. Institutional investors and hedge funds own 54.65% of the company’s stock.
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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.
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