Dynex Capital, Inc. (NYSE:DX) Declares $0.13 Monthly Dividend

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Friday, April 12th, NASDAQ reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.13 per share by the real estate investment trust on Wednesday, May 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.34%. The ex-dividend date is Monday, April 22nd.

Dynex Capital has decreased its dividend by an average of 2.1% annually over the last three years. Dynex Capital has a payout ratio of 219.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Dynex Capital Stock Up 1.9 %

Shares of NYSE DX opened at $11.70 on Friday. The company has a market cap of $691.53 million, a price-to-earnings ratio of -41.77 and a beta of 1.33. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average is $12.21 and its 200 day moving average is $11.93. Dynex Capital has a 52 week low of $9.57 and a 52 week high of $13.56.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, January 29th. The real estate investment trust reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The firm had revenue of $71.19 million for the quarter. Dynex Capital had a negative net margin of 2.95% and a negative return on equity of 6.04%.

Hedge Funds Weigh In On Dynex Capital

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in Dynex Capital by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 129,903 shares of the real estate investment trust’s stock worth $2,105,000 after acquiring an additional 4,562 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Dynex Capital by 32.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,130 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 4,724 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 1,862.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,551 shares in the last quarter. MetLife Investment Management LLC grew its position in Dynex Capital by 54.4% during the 1st quarter. MetLife Investment Management LLC now owns 18,600 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 6,557 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Dynex Capital by 21.7% during the 1st quarter. Rhumbline Advisers now owns 55,674 shares of the real estate investment trust’s stock valued at $902,000 after purchasing an additional 9,922 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DX shares. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday. StockNews.com raised shares of Dynex Capital to a “sell” rating in a research note on Tuesday, December 26th. Jonestrading raised their price objective on shares of Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Compass Point initiated coverage on Dynex Capital in a research report on Friday, April 12th. They issued a “buy” rating and a $14.50 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Dynex Capital presently has an average rating of “Hold” and a consensus price target of $13.63.

Dynex Capital Company Profile

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.