Shares of Dynex Capital, Inc. (NYSE:DX) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.13.
A number of research firms have weighed in on DX. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub lowered Dynex Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 price objective on shares of Dynex Capital in a research note on Tuesday, May 30th.
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Dynex Capital (NYSE:DX) traded up 0.070% during mid-day trading on Friday, reaching $7.125. The company’s stock had a trading volume of 96,059 shares. The company has a market capitalization of $350.79 million, a price-to-earnings ratio of 4.633 and a beta of 0.85. Dynex Capital has a one year low of $6.49 and a one year high of $7.61. The stock has a 50-day moving average price of $6.97 and a 200-day moving average price of $6.89.
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 for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $16.10 million during the quarter, compared to analyst estimates of $14.26 million. Dynex Capital had a return on equity of 11.01% and a net margin of 93.54%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Equities research analysts forecast that Dynex Capital will post $0.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Thursday, July 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.11%. Dynex Capital’s payout ratio is currently 46.75%.
In other Dynex Capital news, Director Barry Igdaloff sold 7,693 shares of Dynex Capital stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $6.90, for a total transaction of $53,081.70. Following the completion of the transaction, the director now owns 317,185 shares in the company, valued at approximately $2,188,576.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.14% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DX. Prudential Financial Inc. raised its position in Dynex Capital by 16.0% in the second quarter. Prudential Financial Inc. now owns 672,736 shares of the real estate investment trust’s stock worth $4,776,000 after buying an additional 93,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in Dynex Capital by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 299,135 shares of the real estate investment trust’s stock worth $2,124,000 after buying an additional 16,515 shares during the last quarter. Smith Asset Management Group LP bought a new position in Dynex Capital during the second quarter worth $226,000. Schwab Charles Investment Management Inc. raised its position in Dynex Capital by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 183,432 shares of the real estate investment trust’s stock worth $1,303,000 after buying an additional 950 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in Dynex Capital during the second quarter worth $538,000. Institutional investors and hedge funds own 44.00% of the company’s stock.
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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