Dynex Capital (NYSE:DX) Stock Rating Reaffirmed by JMP Securities

Dynex Capital (NYSE:DX - Get Free Report)'s stock had its "market perform" rating reiterated by equities researchers at JMP Securities in a note issued to investors on Thursday, Benzinga reports.

DX has been the subject of several other research reports. Compass Point started coverage on Dynex Capital in a research note on Friday, April 12th. They set a "buy" rating and a $14.50 price objective for the company. Jonestrading lifted their price objective on Dynex Capital from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Finally, StockNews.com raised Dynex Capital to a "sell" rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.63.

Dynex Capital Stock Performance

Shares of Dynex Capital stock traded down $0.04 during trading hours on Thursday, reaching $11.49. The company had a trading volume of 1,029,030 shares, compared to its average volume of 1,242,483. Dynex Capital has a one year low of $9.57 and a one year high of $13.56. The business has a fifty day simple moving average of $12.22 and a 200 day simple moving average of $11.93. 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 has a market cap of $679.11 million, a PE ratio of -41.02 and a beta of 1.33.

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 analysts' consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The company had revenue of $71.19 million during the quarter.

Institutional Investors Weigh In On Dynex Capital

Several hedge funds have recently added to or reduced their stakes in DX. Cambridge Advisors Inc. increased its holdings in shares of Dynex Capital by 5.9% in the first quarter. Cambridge Advisors Inc. now owns 18,000 shares of the real estate investment trust's stock worth $224,000 after buying an additional 1,000 shares during the period. Westend Capital Management LLC purchased a new position in Dynex Capital during the 1st quarter valued at about $35,000. Vanguard Group Inc. increased its holdings in Dynex Capital by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 3,001,048 shares of the real estate investment trust's stock valued at $37,573,000 after purchasing an additional 82,388 shares during the period. American International Group Inc. increased its holdings in Dynex Capital by 4.1% during the 4th quarter. American International Group Inc. now owns 28,074 shares of the real estate investment trust's stock valued at $351,000 after purchasing an additional 1,104 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Dynex Capital by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,125 shares of the real estate investment trust's stock valued at $177,000 after purchasing an additional 1,919 shares during the period. Institutional investors 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.