Dynex Capital, Inc. (NYSE:DX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dynex Capital, Inc. (NYSE:DX) have earned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.4167.

A number of research analysts have recently commented on the company. Jones Trading reaffirmed a “buy” rating and set a $14.00 target price on shares of Dynex Capital in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a research report on Monday. Finally, UBS Group set a $13.25 target price on Dynex Capital and gave the stock a “neutral” rating in a research note on Wednesday, October 8th.

Insider Transactions at Dynex Capital

In related news, CFO Robert S. Colligan acquired 4,200 shares of the stock in a transaction on Friday, September 26th. The stock was bought at an average cost of $12.12 per share, with a total value of $50,904.00. Following the transaction, the chief financial officer directly owned 120,857 shares in the company, valued at approximately $1,464,786.84. This represents a 3.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Smriti Laxman Popenoe bought 4,260 shares of the company’s stock in a transaction on Friday, September 26th. The stock was bought at an average price of $12.16 per share, for a total transaction of $51,801.60. Following the completion of the purchase, the chief executive officer directly owned 407,338 shares in the company, valued at approximately $4,953,230.08. This represents a 1.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Dynex Capital

Several hedge funds have recently made changes to their positions in DX. Triumph Capital Management bought a new position in shares of Dynex Capital during the 3rd quarter worth $29,000. Private Wealth Management Group LLC purchased a new stake in Dynex Capital in the third quarter worth about $36,000. Transce3nd LLC purchased a new stake in Dynex Capital in the second quarter worth about $49,000. Huntington National Bank increased its position in Dynex Capital by 478,900.0% during the 3rd quarter. Huntington National Bank now owns 4,790 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 4,789 shares during the period. Finally, US Bancorp DE increased its position in Dynex Capital by 35.2% during the 1st quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,338 shares during the period. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Trading Down 0.0%

Shares of DX opened at $13.64 on Wednesday. Dynex Capital has a twelve month low of $10.79 and a twelve month high of $14.52. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $13.52 and its 200-day simple moving average is $12.83. The company has a market cap of $2.00 billion, a P/E ratio of 9.21 and a beta of 0.97.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.19). The firm had revenue of $421.91 million for the quarter, compared to the consensus estimate of $32.06 million. Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. As a group, analysts expect that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, January 2nd will be paid a $0.17 dividend. This represents a c) annualized dividend and a yield of 15.0%. The ex-dividend date of this dividend is Friday, January 2nd. Dynex Capital’s dividend payout ratio (DPR) is currently 137.84%.

About Dynex Capital

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.