Dynex Capital Inc (NYSE:DX)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.79 and traded as high as $17.33. Dynex Capital shares last traded at $17.32, with a volume of 2,866 shares trading hands.

Several equities research analysts recently commented on the company. LADENBURG THALM/SH SH set a $220.00 target price on SAGE Therapeutics and gave the company a “buy” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Nomura cut their target price on Carnival from $66.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dynex Capital presently has a consensus rating of “Hold” and a consensus target price of $20.12.

The company’s 50-day moving average price is $13.02. The firm has a market cap of $424.60 million, a P/E ratio of 7.91 and a beta of 0.62.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $13.68 million for the quarter. Dynex Capital had a positive return on equity of 13.53% and a negative net margin of 71.70%. Analysts expect that Dynex Capital Inc will post 2.04 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 22nd will be issued a $0.18 dividend. The ex-dividend date is Friday, July 19th. This represents a $2.16 annualized dividend and a yield of 12.46%. Dynex Capital’s payout ratio is currently 98.63%.

A number of large investors have recently made changes to their positions in DX. Northern Trust Corp raised its stake in shares of Dynex Capital by 3.3% in the fourth quarter. Northern Trust Corp now owns 762,084 shares of the real estate investment trust’s stock worth $4,358,000 after purchasing an additional 24,210 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Dynex Capital by 245.3% in the fourth quarter. Squarepoint Ops LLC now owns 38,810 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 27,570 shares during the last quarter. Millennium Management LLC raised its stake in shares of Dynex Capital by 197.7% in the fourth quarter. Millennium Management LLC now owns 892,558 shares of the real estate investment trust’s stock worth $5,105,000 after purchasing an additional 592,694 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Dynex Capital by 32.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 916,234 shares of the real estate investment trust’s stock worth $5,241,000 after purchasing an additional 226,749 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Dynex Capital by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 150,849 shares of the real estate investment trust’s stock worth $863,000 after purchasing an additional 4,585 shares during the last quarter.

About Dynex Capital (NYSE:DX)

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.

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