Dynex Capital’s (DX) Buy Rating Reaffirmed at Jonestrading

Jonestrading reissued their buy rating on shares of Dynex Capital (NYSE:DX) in a research note released on Monday, Benzinga reports. The brokerage currently has a $14.00 price target on the real estate investment trust’s stock.

Several other research firms have also commented on DX. Compass Point started coverage on shares of Dynex Capital in a report on Friday, April 12th. They issued a buy rating and a $14.50 price target on the stock. StockNews.com raised shares of Dynex Capital to a sell rating in a report on Tuesday, December 26th. Finally, JMP Securities reissued a market perform rating on shares of Dynex Capital in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $13.63.

Dynex Capital Price Performance

NYSE:DX opened at $11.47 on Monday. Dynex Capital has a one year low of $9.57 and a one year high of $13.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $677.93 million, a price-to-earnings ratio of -40.94 and a beta of 1.33. The firm’s fifty day moving average is $12.20 and its two-hundred day moving average is $11.94.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Dynex Capital had a negative net margin of 2.95% and a negative return on equity of 6.04%. The business had revenue of $71.19 million during the quarter.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 13.61%. The ex-dividend date of this dividend is Monday, April 22nd. Dynex Capital’s payout ratio is currently -557.12%.

Institutional Investors Weigh In On Dynex Capital

Several hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC raised its position 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 purchasing an additional 371,795 shares during the last quarter. Barclays PLC raised its position in shares of Dynex Capital by 334.3% during the 3rd quarter. Barclays PLC now owns 88,941 shares of the real estate investment trust’s stock worth $1,061,000 after purchasing an additional 68,464 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dynex Capital by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust’s stock worth $34,849,000 after purchasing an additional 34,429 shares during the last quarter. Swiss National Bank raised its position in shares of Dynex Capital by 1.5% during the 3rd quarter. Swiss National Bank now owns 118,933 shares of the real estate investment trust’s stock worth $1,420,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Dynex Capital by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,580,457 shares of the real estate investment trust’s stock worth $18,871,000 after purchasing an additional 98,990 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other 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.