Dynex Capital (NYSE:DX) PT Lowered to $12.25 at Keefe, Bruyette & Woods

Dynex Capital (NYSE:DX) had its price target reduced by Keefe, Bruyette & Woods from $13.50 to $12.25 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on DX. Jonestrading reiterated a buy rating and set a $14.00 price target on shares of Dynex Capital in a report on Monday. StockNews.com upgraded shares of Dynex Capital to a sell rating in a report on Tuesday, December 26th. Compass Point initiated coverage on shares of Dynex Capital in a report on Friday, April 12th. They set a buy rating and a $14.50 price target for the company. Finally, JMP Securities restated a market perform rating on shares of Dynex Capital in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $13.31.

Dynex Capital Stock Performance

Shares of NYSE DX opened at $11.83 on Tuesday. The company has a market cap of $699.51 million, a PE ratio of -42.25 and a beta of 1.33. Dynex Capital has a 12 month low of $9.57 and a 12 month high of $13.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50-day simple moving average of $12.20 and a 200-day simple moving average of $11.94.

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

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd will be issued a $0.13 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 13.19%. Dynex Capital’s payout ratio is -557.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Westend Capital Management LLC acquired a new position in Dynex Capital during the first quarter valued at approximately $35,000. Tower Research Capital LLC TRC lifted its position in Dynex Capital by 14.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,044 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Dynex Capital during the third quarter worth $132,000. Kovack Advisors Inc. lifted its position in shares of Dynex Capital by 7.2% during the first quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Cambridge Advisors Inc. lifted its position in shares of Dynex Capital by 5.9% during the first quarter. Cambridge Advisors Inc. now owns 18,000 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 1,000 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

Dynex Capital Company Profile

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.