Dynex Capital’s (DX) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities restated their market perform rating on shares of Dynex Capital (NYSE:DX) in a research report released on Wednesday, Benzinga reports.

DX has been the subject of a number of other research reports. StockNews.com cut shares of Dynex Capital from a hold rating to a sell rating in a research report on Wednesday, July 31st. Janney Montgomery Scott initiated coverage on Dynex Capital in a report on Thursday, June 6th. They set a buy rating and a $13.50 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Dynex Capital presently has an average rating of Hold and an average target price of $13.35.

Dynex Capital Trading Up 0.2 %

Shares of NYSE:DX opened at $12.58 on Wednesday. The company has a market capitalization of $807.74 million, a PE ratio of 10.75 and a beta of 1.34. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. Dynex Capital has a 12-month low of $9.57 and a 12-month high of $13.40. The business’s fifty day simple moving average is $12.16 and its 200-day simple moving average is $12.15.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.30). The company had revenue of $76.05 million during the quarter. Dynex Capital had a net margin of 4.63% and a negative return on equity of 6.08%. During the same quarter in the previous year, the business earned ($0.27) EPS. As a group, equities research analysts predict that Dynex Capital will post 1 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 12.40%. Dynex Capital’s payout ratio is 133.33%.

Institutional Investors Weigh In On Dynex Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Westend Capital Management LLC acquired a new position in shares of Dynex Capital in the 1st quarter valued at $35,000. Allspring Global Investments Holdings LLC purchased a new stake in Dynex Capital during the 2nd quarter valued at about $81,000. Valley Brook Capital Group Inc. acquired a new position in shares of Dynex Capital in the first quarter valued at about $103,000. ProShare Advisors LLC acquired a new position in shares of Dynex Capital in the first quarter valued at about $126,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Dynex Capital in the second quarter worth about $128,000. 38.34% of the stock is currently 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.