Dynex Capital Inc. (DX) Receives $7.25 Consensus Price Target from Brokerages
Shares of Dynex Capital Inc. (NYSE:DX) have earned an average recommendation of “Hold” from the six research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.25.
Separately, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $7.25 target price on shares of Dynex Capital in a research report on Friday, September 9th.
In other Dynex Capital news, Director Thomas B. Akin sold 39,541 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $7.45, for a total transaction of $294,580.45. Following the completion of the sale, the director now directly owns 1,173,150 shares of the company’s stock, valued at approximately $8,739,967.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas B. Akin sold 66,103 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $7.51, for a total value of $496,433.53. Following the sale, the director now directly owns 1,270,289 shares of the company’s stock, valued at $9,539,870.39. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Dynex Capital by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 47,235 shares of the company’s stock worth $329,000 after buying an additional 1,821 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Dynex Capital by 116.0% in the second quarter. First Quadrant L P CA now owns 20,300 shares of the company’s stock worth $141,000 after buying an additional 10,900 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Dynex Capital during the second quarter worth approximately $678,000. California Public Employees Retirement System raised its stake in shares of Dynex Capital by 13.9% in the second quarter. California Public Employees Retirement System now owns 257,700 shares of the company’s stock worth $1,788,000 after buying an additional 31,400 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Dynex Capital during the second quarter worth approximately $338,000. 43.80% of the stock is owned by hedge funds and other institutional investors.
Shares of Dynex Capital (NYSE:DX) opened at 6.81 on Thursday. The stock has a 50 day moving average price of $6.93 and a 200-day moving average price of $6.95. Dynex Capital has a 52-week low of $5.22 and a 52-week high of $7.61. The firm’s market capitalization is $334.70 million.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Dynex Capital had a return on equity of 13.20% and a net margin of 6.95%. The business earned $15.07 million during the quarter, compared to the consensus estimate of $16.01 million. During the same period last year, the business posted $0.24 earnings per share. The business’s revenue was down 25.5% on a year-over-year basis. Equities analysts forecast that Dynex Capital will post $1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Wednesday, October 5th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 12.33%. The ex-dividend date was Monday, October 3rd. Dynex Capital’s dividend payout ratio is currently -1,399.77%.
About Dynex Capital
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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