Dynex Capital (NYSE:DX) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Dynex Capital, Inc. (NYSE:DX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.01 and traded as high as $14.18. Dynex Capital shares last traded at $14.0750, with a volume of 5,814,147 shares.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group set a $13.25 price target on shares of Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Dynex Capital from $14.00 to $14.50 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Jones Trading reissued a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.92.

Dynex Capital Stock Up 0.0%

The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 9.51 and a beta of 0.98. The firm has a 50 day simple moving average of $13.71 and a two-hundred day simple moving average of $13.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.19.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. The firm had revenue of $421.91 million during the quarter, compared to analyst estimates of $32.06 million. As a group, sell-side analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, January 2nd will be paid a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend is Friday, January 2nd. Dynex Capital’s dividend payout ratio (DPR) is presently 137.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Dynex Capital by 98.5% during the fourth quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 928 shares during the period. Triumph Capital Management bought a new stake in Dynex Capital during the 3rd quarter worth approximately $29,000. Private Wealth Management Group LLC acquired a new stake in Dynex Capital during the 3rd quarter worth approximately $36,000. Transce3nd LLC bought a new position in Dynex Capital in the second quarter valued at approximately $49,000. Finally, Huntington National Bank lifted its stake in Dynex Capital by 478,900.0% in the third quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 4,789 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

About Dynex Capital

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.