Analysts Set Dynex Capital, Inc. (NYSE:DX) Price Target at $13.42

Dynex Capital, Inc. (NYSE:DX) has received an average rating of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $13.4167.

Several equities analysts have recently commented on the company. UBS Group set a $13.25 price objective on Dynex Capital and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dynex Capital in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on Dynex Capital from $12.50 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Finally, Jones Trading reaffirmed a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a research note on Monday, October 20th.

Insider Buying and Selling

In other Dynex Capital news, CFO Robert S. Colligan acquired 4,200 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were purchased at an average cost of $12.12 per share, for a total transaction of $50,904.00. Following the transaction, the chief financial officer owned 120,857 shares in the company, valued at $1,464,786.84. This represents a 3.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Smriti Laxman Popenoe acquired 4,260 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was acquired at an average price of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the transaction, the chief executive officer owned 407,338 shares in the company, valued at approximately $4,953,230.08. The trade was a 1.06% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dynex Capital

Hedge funds have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake in Dynex Capital by 130,013.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust’s stock valued at $242,772,000 after buying an additional 19,130,122 shares during the last quarter. Millennium Management LLC increased its position in Dynex Capital by 311.4% during the first quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust’s stock valued at $42,664,000 after acquiring an additional 2,480,330 shares during the last quarter. MetLife Investment Management LLC increased its position in Dynex Capital by 1,510.0% during the first quarter. MetLife Investment Management LLC now owns 728,728 shares of the real estate investment trust’s stock valued at $9,488,000 after acquiring an additional 683,466 shares during the last quarter. Algebris UK Ltd purchased a new stake in Dynex Capital during the first quarter valued at $6,511,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Dynex Capital during the first quarter valued at $6,810,000. 38.34% of the stock is currently owned by institutional investors.

Dynex Capital Price Performance

Shares of Dynex Capital stock opened at $13.12 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.93 billion, a PE ratio of 8.86 and a beta of 0.92. The business’s 50-day moving average price is $12.75 and its 200-day moving average price is $12.47. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.52.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.19). The firm had revenue of $30.61 million for the quarter, compared to the consensus estimate of $32.06 million. Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. Sell-side analysts forecast that Dynex Capital will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, October 23rd will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 15.6%. The ex-dividend date of this dividend is Thursday, October 23rd. Dynex Capital’s payout ratio is 137.84%.

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.