Dynex Capital (NYSE:DX) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Dynex Capital, Inc. (NYSE:DX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.56 and traded as high as $12.59. Dynex Capital shares last traded at $12.47, with a volume of 5,635,240 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DX shares. Jones Trading raised their price target on Dynex Capital from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods raised their target price on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Finally, UBS Group upped their price target on Dynex Capital from $12.50 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Dynex Capital Price Performance

The company has a 50-day moving average of $12.57 and a 200-day moving average of $12.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.99 and a beta of 0.93.

Dynex Capital (NYSE:DX) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.27). Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%.The company had revenue of $23.13 million for the quarter, compared to analyst estimates of $21.20 million. As a group, research analysts anticipate that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 22nd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Monday, September 22nd. Dynex Capital’s payout ratio is 261.54%.

Institutional Investors Weigh In On Dynex Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in Dynex Capital by 61.0% in the 4th quarter. Deutsche Bank AG now owns 58,405 shares of the real estate investment trust’s stock valued at $739,000 after acquiring an additional 22,136 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Dynex Capital by 58.2% in the fourth quarter. ProShare Advisors LLC now owns 22,239 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 8,181 shares in the last quarter. State of Wyoming lifted its position in shares of Dynex Capital by 66.4% in the fourth quarter. State of Wyoming now owns 21,594 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 8,617 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Dynex Capital by 91.0% during the fourth quarter. Squarepoint Ops LLC now owns 19,263 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 9,178 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Dynex Capital by 3,682.2% in the first quarter. GAMMA Investing LLC now owns 15,507 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 15,097 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

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.