Keefe, Bruyette & Woods Cuts Dynex Capital (NYSE:DX) Price Target to $12.25

Dynex Capital (NYSE:DX) had its price target decreased by Keefe, Bruyette & Woods from $13.50 to $12.25 in a research report released on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Compass Point started coverage on Dynex Capital in a report on Friday, April 12th. They issued a buy rating and a $14.50 price target on the stock. Jonestrading reiterated a buy rating and issued a $14.00 price target on shares of Dynex Capital in a report on Monday, April 22nd. StockNews.com upgraded Dynex Capital to a sell rating in a report on Tuesday, December 26th. Finally, JMP Securities reiterated a market perform rating on shares of Dynex Capital in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $13.31.

Dynex Capital Trading Up 2.3 %

DX opened at $11.93 on Tuesday. Dynex Capital has a 52 week low of $9.57 and a 52 week high of $13.56. The stock’s fifty day moving average is $12.16 and its two-hundred day moving average is $11.94. The company has a market capitalization of $705.13 million, a P/E ratio of 10.19 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.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). Dynex Capital had a net margin of 30.50% and a negative return on equity of 7.51%. The company had revenue of $71.19 million during the quarter.

Dynex Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.08%. Dynex Capital’s payout ratio is 133.33%.

Institutional Trading of Dynex Capital

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Dynex Capital during the 3rd quarter worth about $132,000. Bank of New York Mellon Corp lifted its position in Dynex Capital by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 189,024 shares of the real estate investment trust’s stock worth $2,257,000 after acquiring an additional 7,054 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Dynex Capital by 2.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 610,116 shares of the real estate investment trust’s stock worth $7,285,000 after acquiring an additional 13,079 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Dynex Capital by 21.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,595 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 5,310 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Dynex Capital by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,580,457 shares of the real estate investment trust’s stock valued at $18,871,000 after buying an additional 98,990 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

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.