Dynex Capital (DX) – Research Analysts’ Recent Ratings Changes

Dynex Capital (NYSE: DX) has recently received a number of price target changes and ratings updates:

• 4/23/2024 – Dynex Capital had its price target lowered by analysts at Keefe, Bruyette & Woods from $13.50 to $12.25. They now have an “outperform” rating on the stock.
• 4/22/2024 – Dynex Capital had its “buy” rating reaffirmed by analysts at Jonestrading. They now have a $14.00 price target on the stock.
• 4/18/2024 – Dynex Capital had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 4/12/2024 – Dynex Capital is now covered by analysts at Compass Point. They set a “buy” rating and a $14.50 price target on the stock.

Dynex Capital Stock Performance

Dynex Capital stock traded down $0.11 during trading hours on Monday, hitting $11.81. 1,079,340 shares of the stock traded hands, compared to its average volume of 1,280,573. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50 day moving average price is $12.16 and its 200-day moving average price is $11.94. The stock has a market capitalization of $698.33 million, a price-to-earnings ratio of 10.09 and a beta of 1.33. Dynex Capital, Inc. has a 1 year low of $9.57 and a 1 year high of $13.56.

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

Dynex Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be paid a $0.13 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.21%. Dynex Capital’s payout ratio is 133.33%.

Hedge Funds Weigh In On Dynex Capital

A number of hedge funds have recently bought and sold shares of the business. Kovack Advisors Inc. boosted its position in Dynex Capital by 7.2% during the first quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,135 shares in the last quarter. Cambridge Advisors Inc. boosted its position in Dynex Capital by 5.9% during the first quarter. Cambridge Advisors Inc. now owns 18,000 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 1,000 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Dynex Capital during the first quarter valued at approximately $35,000. Tower Research Capital LLC TRC raised its holdings in shares of Dynex Capital by 14.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Dynex Capital during the fourth quarter valued at approximately $903,000. Hedge funds and other institutional investors own 38.34% of the company’s stock.

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.