Dynex Capital (NYSE:DX) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Dynex Capital (NYSE:DXGet Rating) from a sell rating to a hold rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Currently, the Company’s primary production operations include the origination of mortgage loans secured by multi-family properties and the origination of loans secured by manufactured homes. The Company has recently expanded its production activities to include commercial real estate loans and may expand into other financial products in the future. “

Several other brokerages also recently weighed in on DX. StockNews.com initiated coverage on shares of Dynex Capital in a report on Thursday, March 31st. They issued a hold rating for the company. Jonestrading dropped their target price on shares of Dynex Capital from $20.00 to $19.00 in a report on Thursday, April 28th.

DX stock opened at $16.34 on Monday. The stock has a market capitalization of $603.93 million, a PE ratio of 6.92 and a beta of 1.08. Dynex Capital has a 12-month low of $14.54 and a 12-month high of $20.51. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $15.98 and its 200 day simple moving average is $16.43.

Dynex Capital (NYSE:DXGet Rating) last announced its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Dynex Capital had a net margin of 159.69% and a return on equity of 9.69%. During the same quarter in the previous year, the business earned $0.46 EPS. On average, research analysts predict that Dynex Capital will post 1.72 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 23rd will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend is Friday, May 20th. Dynex Capital’s dividend payout ratio (DPR) is presently 66.10%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new position in shares of Dynex Capital in the 3rd quarter valued at about $72,000. Qube Research & Technologies Ltd lifted its holdings in shares of Dynex Capital by 146.6% in the 4th quarter. Qube Research & Technologies Ltd now owns 87,047 shares of the real estate investment trust’s stock valued at $1,455,000 after acquiring an additional 51,748 shares during the last quarter. Centaurus Financial Inc. raised its position in Dynex Capital by 5.0% in the 3rd quarter. Centaurus Financial Inc. now owns 284,121 shares of the real estate investment trust’s stock worth $4,910,000 after purchasing an additional 13,620 shares during the period. Advisor Group Holdings Inc. raised its position in Dynex Capital by 31.7% in the 3rd quarter. Advisor Group Holdings Inc. now owns 47,373 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 11,398 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Dynex Capital by 39.2% in the 3rd quarter. Goldman Sachs Group Inc. now owns 614,944 shares of the real estate investment trust’s stock worth $10,626,000 after purchasing an additional 173,299 shares during the period. 39.45% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Company Profile (Get Rating)

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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