Brokerages Set Dynex Capital, Inc. (NYSE:DX) Price Target at $13.56

Shares of Dynex Capital, Inc. (NYSE:DX) have been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.33.

A number of research analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their target price on Dynex Capital from $13.25 to $12.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st.

Institutional Trading of Dynex Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in DX. Sterling Capital Management LLC lifted its stake in Dynex Capital by 838.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,223 shares in the last quarter. Westend Capital Management LLC increased its stake in Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 919 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Dynex Capital during the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. grew its holdings in shares of Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,700 shares in the last quarter. Finally, US Bancorp DE raised its stake in Dynex Capital by 567.1% during the fourth quarter. US Bancorp DE now owns 3,796 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 3,227 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

Shares of DX opened at $11.39 on Tuesday. The firm has a 50 day moving average of $13.40 and a 200 day moving average of $12.83. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital has a twelve month low of $10.79 and a twelve month high of $14.52. The company has a market capitalization of $1.10 billion, a P/E ratio of 7.74 and a beta of 1.14.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, equities research analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $2.04 annualized dividend and a yield of 17.92%. This is an increase from Dynex Capital’s previous monthly dividend of $0.15. Dynex Capital’s dividend payout ratio is currently 138.78%.

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.