Dynex Capital, Inc. (NYSE:DX) Given Average Recommendation of “Moderate Buy” by Brokerages

Dynex Capital, Inc. (NYSE:DX) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.31.

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price target on Dynex Capital from $13.50 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. Compass Point assumed coverage on Dynex Capital in a report on Friday, April 12th. They issued a “buy” rating and a $14.50 price target for the company. Finally, Jonestrading restated a “buy” rating and set a $14.00 price objective on shares of Dynex Capital in a research note on Monday, April 22nd.

Institutional Trading of Dynex Capital

Several institutional investors have recently modified their holdings of DX. Westend Capital Management LLC acquired a new position in Dynex Capital during the first quarter valued at $35,000. Valley Brook Capital Group Inc. bought a new stake in shares of Dynex Capital during the 1st quarter worth about $103,000. Tower Research Capital LLC TRC boosted its stake in shares of Dynex Capital by 14.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,044 shares in the last quarter. SG Americas Securities LLC bought a new stake in Dynex Capital during the 3rd quarter valued at approximately $132,000. Finally, Kovack Advisors Inc. boosted its stake in Dynex Capital by 7.2% during the 1st quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,135 shares during the period. Institutional investors and hedge funds own 38.34% of the company’s stock.

Dynex Capital Stock Performance

NYSE DX opened at $12.24 on Tuesday. The business’s 50-day simple moving average is $12.12 and its 200-day simple moving average is $11.96. The firm has a market capitalization of $785.32 million, a P/E ratio of 10.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. Dynex Capital has a 1-year low of $9.57 and a 1-year high of $13.56.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.56 annualized dividend and a dividend yield of 12.75%. Dynex Capital’s dividend payout ratio (DPR) is 133.33%.

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.