Dynex Capital, Inc. Announces Monthly Dividend of $0.13 (NYSE:DX)

Dynex Capital, Inc. (NYSE:DX - Get Free Report) declared a monthly dividend on Friday, April 12th, NASDAQ reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.13 per share by the real estate investment trust on Wednesday, May 1st. This represents a $1.56 annualized dividend and a yield of 13.23%. The ex-dividend date is Monday, April 22nd.

Dynex Capital has decreased its dividend payment by an average of 2.1% annually over the last three years.

Dynex Capital Trading Up 0.6 %

NYSE DX traded up $0.06 on Friday, hitting $11.80. 1,364,107 shares of the stock were exchanged, compared to its average volume of 1,238,585. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.56. 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 company has a market capitalization of $697.44 million, a price-to-earnings ratio of -42.12 and a beta of 1.33. The company's 50-day moving average price is $12.26 and its two-hundred day moving average price is $11.94.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Dynex Capital had a negative net margin of 2.95% and a negative return on equity of 6.04%. The company had revenue of $71.19 million for the quarter.

Institutional Investors Weigh In On Dynex Capital

Several institutional investors and hedge funds have recently modified their holdings of DX. Schonfeld Strategic Advisors LLC lifted its stake in shares of Dynex Capital by 2,294.0% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 1,120,380 shares of the real estate investment trust's stock valued at $13,579,000 after purchasing an additional 1,073,580 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Dynex Capital in the 2nd quarter valued at $15,107,000. Balyasny Asset Management LLC lifted its position in Dynex Capital by 105.9% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust's stock worth $17,014,000 after acquiring an additional 751,053 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Dynex Capital by 3,181.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 492,581 shares of the real estate investment trust's stock worth $7,842,000 after acquiring an additional 477,569 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Dynex Capital during the 4th quarter worth $5,265,000. Institutional investors and hedge funds own 38.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DX shares. StockNews.com upgraded shares of Dynex Capital to a "sell" rating in a report on Tuesday, December 26th. Jonestrading boosted their price target on shares of Dynex Capital from $13.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 30th. Finally, Compass Point started coverage on shares of Dynex Capital in a report on Friday. They set a "buy" rating and a $14.50 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.63.

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.