Dynex Capital (NYSE:DX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Dynex Capital, Inc. (NYSE:DX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.30 and traded as high as $14.08. Dynex Capital shares last traded at $13.93, with a volume of 6,726,018 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a report on Monday, December 29th. Finally, Jones Trading upped their target price on Dynex Capital from $14.00 to $15.25 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Dynex Capital Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $2.44 billion, a P/E ratio of 6.83 and a beta of 0.98. The company’s 50 day moving average is $14.04 and its 200 day moving average is $13.30.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The firm had revenue of $202.00 million during the quarter, compared to the consensus estimate of $59.41 million. Dynex Capital had a net margin of 59.80% and a return on equity of 7.72%. As a group, equities analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, January 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 14.6%. The ex-dividend date was Wednesday, January 21st. Dynex Capital’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Dynex Capital by 54.6% in the first quarter. AQR Capital Management LLC now owns 103,183 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 36,455 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Dynex Capital by 86.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust’s stock worth $10,474,000 after buying an additional 373,610 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in Dynex Capital by 45.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 19,900 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 6,200 shares during the period. PDS Planning Inc grew its position in shares of Dynex Capital by 22.1% in the 2nd quarter. PDS Planning Inc now owns 31,082 shares of the real estate investment trust’s stock valued at $380,000 after buying an additional 5,635 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of Dynex Capital by 19.2% in the second quarter. Koshinski Asset Management Inc. now owns 14,790 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 2,385 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Company Profile

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.