Dynex Capital (NYSE:DX) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• Dynex Capital has had its "Hold (C-)" rating reaffirmed by Weiss Ratings, reflecting a cautious outlook amid mixed investor sentiment.
• The company reported a quarterly earnings miss, with EPS of $0.25, falling short of the expected $0.44, and total revenue of $30.61 million against a $32.06 million forecast.
• Institutional investors currently own 38.34% of Dynex Capital, with significant increases in holdings from various funds during the first quarter.

Dynex Capital (NYSE:DX - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other research analysts have also issued research reports about the company. Jones Trading reiterated a "buy" rating and set a $14.00 price target on shares of Dynex Capital in a report on Monday, October 20th. UBS Group set a $13.25 price objective on Dynex Capital and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $13.42.

Dynex Capital Stock Up 1.2%

NYSE DX opened at $13.39 on Friday. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02. The business's fifty day simple moving average is $12.68 and its 200-day simple moving average is $12.41. The firm has a market cap of $1.74 billion, a PE ratio of 9.04 and a beta of 0.92.

Dynex Capital (NYSE:DX - Get Free Report) last posted 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). Dynex Capital had a return on equity of 7.37% and a net margin of 41.53%.The company had revenue of $30.61 million for the quarter, compared to analysts' expectations of $32.06 million. As a group, equities analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current year.

Insider Transactions at Dynex Capital

In other Dynex Capital news, CEO Smriti Laxman Popenoe acquired 4,260 shares of the business's stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average cost of $12.16 per share, with a total value of $51,801.60. Following the transaction, the chief executive officer owned 407,338 shares of the company's stock, valued at $4,953,230.08. This trade represents a 1.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert S. Colligan purchased 4,200 shares of the business's stock in a transaction on Friday, September 26th. The shares were acquired at an average price of $12.12 per share, for a total transaction of $50,904.00. Following the completion of the purchase, the chief financial officer directly owned 120,857 shares of the company's stock, valued at approximately $1,464,786.84. This trade represents a 3.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Dynex Capital

Several hedge funds have recently made changes to their positions in DX. PDS Planning Inc lifted its position in shares of Dynex Capital by 60.8% during the first quarter. PDS Planning Inc now owns 25,447 shares of the real estate investment trust's stock worth $331,000 after purchasing an additional 9,625 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Dynex Capital by 122.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,400 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 15,100 shares in the last quarter. Amalgamated Bank lifted its position in shares of Dynex Capital by 50.5% during the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 973 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Dynex Capital during the first quarter worth about $162,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Dynex Capital during the first quarter worth about $150,000. Institutional investors and hedge funds own 38.34% of the company's stock.

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.

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