Dynex Capital (NYSE:DX - Free Report) had its price target boosted by Jones Trading from $12.50 to $13.00 in a report issued on Monday morning,Benzinga reports. Jones Trading currently has a buy rating on the real estate investment trust's stock.
A number of other research firms have also commented on DX. Wall Street Zen lowered shares of Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, UBS Group reaffirmed a "neutral" rating and set a $12.50 target price (up previously from $11.00) on shares of Dynex Capital in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.83.
Check Out Our Latest Report on Dynex Capital
Dynex Capital Stock Down 0.7%
Shares of NYSE:DX traded down $0.09 during trading on Monday, reaching $12.66. The stock had a trading volume of 4,140,576 shares, compared to its average volume of 4,015,746. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 16.23 and a beta of 0.92. The stock has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $12.72.
Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). Dynex Capital had a net margin of 17.27% and a return on equity of 4.53%. The firm had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.20 million. On average, analysts forecast that Dynex Capital will post 1.94 EPS for the current year.
Dynex Capital Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Wednesday, July 23rd will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 16.11%. The ex-dividend date of this dividend is Wednesday, July 23rd. Dynex Capital's dividend payout ratio (DPR) is currently 261.54%.
Hedge Funds Weigh In On Dynex Capital
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC increased its position in Dynex Capital by 130,013.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust's stock worth $242,772,000 after acquiring an additional 19,130,122 shares during the period. Vanguard Group Inc. boosted its stake in Dynex Capital by 7.5% during the first quarter. Vanguard Group Inc. now owns 4,643,291 shares of the real estate investment trust's stock worth $60,456,000 after buying an additional 325,891 shares in the last quarter. Millennium Management LLC boosted its stake in Dynex Capital by 311.4% during the first quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust's stock worth $42,664,000 after buying an additional 2,480,330 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Dynex Capital by 0.4% during the first quarter. Victory Capital Management Inc. now owns 2,036,371 shares of the real estate investment trust's stock worth $26,514,000 after buying an additional 8,262 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Dynex Capital by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock worth $23,256,000 after buying an additional 136,280 shares in the last quarter. Institutional investors own 38.34% of the company's stock.
About Dynex Capital
(
Get Free Report)
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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