ValuEngine downgraded shares of Dynex Capital (NYSE:DX) from a strong-buy rating to a buy rating in a report published on Wednesday morning.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Dynex Capital from a buy rating to a hold rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a hold rating and issued a $7.00 target price on shares of Dynex Capital in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $7.50.
Shares of Dynex Capital (NYSE DX) opened at $6.36 on Wednesday. The stock has a market cap of $355.09, a P/E ratio of 8.71 and a beta of 0.71. The company has a current ratio of 0.05, a quick ratio of 0.08 and a debt-to-equity ratio of 0.01. Dynex Capital has a 1-year low of $6.01 and a 1-year high of $7.41.
Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The business had revenue of $14.07 million during the quarter, compared to the consensus estimate of $15.90 million. Dynex Capital had a net margin of 35.86% and a return on equity of 11.04%. During the same quarter last year, the firm earned $0.20 EPS. research analysts forecast that Dynex Capital will post 0.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 3rd will be issued a $0.18 dividend. The ex-dividend date is Monday, April 2nd. This represents a $0.72 annualized dividend and a yield of 11.32%. Dynex Capital’s dividend payout ratio (DPR) is presently 163.64%.
Institutional investors have recently bought and sold shares of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Dynex Capital by 410.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 173,700 shares of the real estate investment trust’s stock worth $1,218,000 after acquiring an additional 139,700 shares in the last quarter. Family Management Corp grew its stake in shares of Dynex Capital by 51.5% in the fourth quarter. Family Management Corp now owns 48,710 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 16,559 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Dynex Capital in the fourth quarter worth $185,000. Millennium Management LLC grew its stake in shares of Dynex Capital by 187.2% in the fourth quarter. Millennium Management LLC now owns 927,737 shares of the real estate investment trust’s stock worth $6,503,000 after acquiring an additional 604,668 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Dynex Capital by 51.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,605 shares of the real estate investment trust’s stock worth $558,000 after acquiring an additional 27,171 shares in the last quarter. Hedge funds and other institutional investors own 53.33% 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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