LADENBURG THALM/SH SH upgraded shares of Dynex Capital (NYSE:DX) from a neutral rating to a buy rating in a research note released on Wednesday, Briefing.com Automated Import reports.
DX has been the subject of a number of other reports. Zacks Investment Research raised Dynex Capital from a strong sell rating to a hold rating in a research report on Tuesday, July 7th. ValuEngine cut Dynex Capital from a sell rating to a strong sell rating in a research report on Friday, July 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $16.25.
Dynex Capital stock opened at $15.45 on Wednesday. Dynex Capital has a twelve month low of $7.04 and a twelve month high of $20.34. The stock has a 50 day moving average of $14.36 and a two-hundred day moving average of $14.80. The stock has a market capitalization of $355.07 million, a price-to-earnings ratio of 7.69 and a beta of 1.33.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Dynex Capital had a return on equity of 14.20% and a net margin of 76.32%. The company had revenue of $15.00 million during the quarter. As a group, equities analysts predict that Dynex Capital will post 1.3 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Thursday, July 23rd will be issued a $0.13 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $1.56 annualized dividend and a dividend yield of 10.10%. Dynex Capital’s dividend payout ratio is currently 74.64%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Dynex Capital by 6.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,656 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 668 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Dynex Capital in the 4th quarter valued at approximately $3,380,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Dynex Capital by 6.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,253 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 1,047 shares during the period. BNP Paribas Arbitrage SA increased its stake in Dynex Capital by 19.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,920 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 1,117 shares in the last quarter. Finally, Great West Life Assurance Co. Can purchased a new position in Dynex Capital in the 4th quarter valued at approximately $28,000. 52.27% of the stock is owned by institutional investors and hedge funds.
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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