Dynex Capital, Inc. (DX) Receives Average Recommendation of “Hold” from Brokerages
Shares of Dynex Capital, Inc. (NYSE:DX) have received an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.38.
Several research firms recently issued reports on DX. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.25 price objective on shares of Dynex Capital in a research report on Friday, October 6th. BidaskClub raised Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Dynex Capital in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
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A number of institutional investors and hedge funds have recently made changes to their positions in DX. UBS Group AG raised its stake in Dynex Capital by 25.4% during the 1st quarter. UBS Group AG now owns 1,215,547 shares of the real estate investment trust’s stock valued at $8,618,000 after buying an additional 246,130 shares during the last quarter. Martingale Asset Management L P purchased a new stake in Dynex Capital during the 2nd quarter valued at $1,276,000. OxFORD Asset Management LLP raised its stake in Dynex Capital by 191.6% during the 2nd quarter. OxFORD Asset Management LLP now owns 235,641 shares of the real estate investment trust’s stock valued at $1,673,000 after buying an additional 154,845 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in Dynex Capital during the 1st quarter valued at $915,000. Finally, Citadel Advisors LLC raised its stake in Dynex Capital by 186.3% during the 1st quarter. Citadel Advisors LLC now owns 189,875 shares of the real estate investment trust’s stock valued at $1,346,000 after buying an additional 123,559 shares during the last quarter. Institutional investors and hedge funds own 44.41% of the company’s stock.
Shares of Dynex Capital (NYSE:DX) traded down 0.27% during mid-day trading on Tuesday, hitting $7.34. The company had a trading volume of 214,548 shares. Dynex Capital has a 52 week low of $6.49 and a 52 week high of $7.41. The firm has a 50-day moving average price of $7.17 and a 200-day moving average price of $7.03. The firm has a market capitalization of $361.38 million, a PE ratio of 4.77 and a beta of 0.84.
Dynex Capital (NYSE:DX) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $14.26 million. Dynex Capital had a return on equity of 11.04% and a net margin of 93.54%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Equities analysts forecast that Dynex Capital will post $0.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 3rd will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.72 annualized dividend and a yield of 9.81%. Dynex Capital’s dividend payout ratio (DPR) is presently 46.75%.
Dynex Capital Company Profile
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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