Dynex Capital (DX) Downgraded to “D+” at TheStreet

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TheStreet downgraded shares of Dynex Capital (NYSE:DX) from a c rating to a d+ rating in a report published on Friday.

A number of other research firms have also recently issued reports on DX. Zacks Investment Research upgraded Dynex Capital from a hold rating to a buy rating and set a $6.75 target price on the stock in a research report on Monday. ValuEngine upgraded Dynex Capital from a sell rating to a hold rating in a research report on Tuesday, November 13th.

Shares of NYSE DX opened at $6.18 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.01. Dynex Capital has a 52 week low of $5.57 and a 52 week high of $6.82. The firm has a market capitalization of $385.09 million, a P/E ratio of 8.47 and a beta of 0.61.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Dynex Capital had a return on equity of 14.06% and a net margin of 6.38%. The company had revenue of $12.96 million during the quarter. As a group, equities analysts anticipate that Dynex Capital will post 0.72 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.65%. The ex-dividend date of this dividend is Wednesday, February 13th. Dynex Capital’s dividend payout ratio is presently 32.88%.

In other Dynex Capital news, CFO Stephen J. Benedetti bought 10,000 shares of the firm’s stock in a transaction on Thursday, January 31st. The shares were purchased at an average price of $5.90 per share, for a total transaction of $59,000.00. Following the completion of the transaction, the chief financial officer now directly owns 277,387 shares in the company, valued at approximately $1,636,583.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Byron L. Boston bought 17,000 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was acquired at an average price of $5.90 per share, for a total transaction of $100,300.00. Following the transaction, the chief executive officer now owns 611,545 shares of the company’s stock, valued at $3,608,115.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 31,542 shares of company stock worth $186,098. Company insiders own 3.96% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DX. Prudential Financial Inc. boosted its stake in shares of Dynex Capital by 0.4% during the fourth quarter. Prudential Financial Inc. now owns 703,531 shares of the real estate investment trust’s stock valued at $4,024,000 after purchasing an additional 2,905 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Dynex Capital by 1.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 295,713 shares of the real estate investment trust’s stock valued at $1,691,000 after purchasing an additional 3,510 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Dynex Capital by 35.7% during the fourth quarter. Advisor Group Inc. now owns 16,367 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 4,307 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Dynex Capital by 3.1% during the fourth quarter. California Public Employees Retirement System now owns 150,849 shares of the real estate investment trust’s stock valued at $863,000 after purchasing an additional 4,585 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Dynex Capital during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 48.28% of the company’s stock.

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.

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