Dynex Capital, Inc. (NYSE:DX) Stock Rated “Hold” by Wall Street Analysts

Shares of Dynex Capital, Inc. (NYSE:DX) have been given a consensus rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.38.

Several research firms have recently weighed in on DX. BTIG Research set a $12.00 price target on shares of Dynex Capital and gave the company a “buy” rating in a report on Tuesday, October 6th. JonesTrading dropped their price objective on shares of Dynex Capital from $14.75 to $12.50 and set a “buy” rating on the stock in a report on Monday, October 19th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Dynex Capital in a report on Tuesday, October 20th. Finally, Weiss Ratings cut shares of Dynex Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th.

Insider Buying and Selling at Dynex Capital

In other news, CEO Byron L. Boston acquired 9,180 shares of Dynex Capital stock in a transaction dated Tuesday, October 20th. The stock was bought at an average cost of $10.89 per share, with a total value of $99,970.20. Following the completion of the transaction, the chief executive officer directly owned 892,747 shares of the company’s stock, valued at approximately $9,722,014.83. This represents a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Terrence John Connelly, Jr. acquired 2,500 shares of Dynex Capital stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of $11.18 per share, with a total value of $27,950.00. Following the completion of the transaction, the executive directly owned 58,695 shares of the company’s stock, valued at $656,210.10. This trade represents a 4.45% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 24,680 shares of company stock valued at $295,220 in the last 90 days. 0.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dynex Capital

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in shares of Dynex Capital by 891.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 2,604 shares in the last quarter. KBC Group NV acquired a new stake in shares of Dynex Capital in the second quarter valued at approximately $42,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Dynex Capital in the second quarter valued at approximately $42,000. IMG Wealth Management Inc. raised its holdings in shares of Dynex Capital by 55.9% in the first quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,222 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Dynex Capital by 93.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,638 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 3,205 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Price Performance

NYSE:DX opened at $10.69 on Friday. The business’s 50-day simple moving average is $11.48 and its 200-day simple moving average is $12.82. Dynex Capital has a fifty-two week low of $10.31 and a fifty-two week high of $14.93. The stock has a market capitalization of $2.77 billion, a PE ratio of 50.88 and a beta of 1.01.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $101.56 million for the quarter, compared to the consensus estimate of $113.48 million. Dynex Capital had a positive return on equity of 10.30% and a negative net margin of 4.65%.

Dynex Capital Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 22nd were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 19.1%. The ex-dividend date was Thursday, October 22nd. Dynex Capital’s dividend payout ratio is 971.43%.

Dynex Capital Company Profile

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.