Dynex Capital, Inc. (NYSE:DX – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.43 and traded as high as $13.07. Dynex Capital shares last traded at $13.05, with a volume of 454,140 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on DX. Keefe, Bruyette & Woods increased their price target on Dynex Capital from $13.50 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. TheStreet cut shares of Dynex Capital from a “c” rating to a “d+” rating in a research report on Monday, April 24th. Jonestrading reissued a “buy” rating and issued a $14.00 price target on shares of Dynex Capital in a report on Wednesday, July 26th. Finally, StockNews.com raised Dynex Capital to a “sell” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.13.
Read Our Latest Stock Analysis on Dynex Capital
Dynex Capital Stock Performance
Dynex Capital (NYSE:DX – Get Free Report) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.18). The company had revenue of $42.21 million for the quarter. Dynex Capital had a negative return on equity of 0.69% and a net margin of 7.44%. During the same quarter last year, the firm posted $0.40 EPS.
Dynex Capital Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, July 21st were given a dividend of $0.13 per share. The ex-dividend date was Thursday, July 20th. This represents a $1.56 annualized dividend and a dividend yield of 11.96%. Dynex Capital’s dividend payout ratio is currently -2,228.25%.
Hedge Funds Weigh In On Dynex Capital
Several hedge funds have recently made changes to their positions in DX. Parallel Advisors LLC boosted its position in Dynex Capital by 95.1% during the first quarter. Parallel Advisors LLC now owns 2,082 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,015 shares during the last quarter. State of Wyoming acquired a new stake in shares of Dynex Capital in the 4th quarter valued at approximately $30,000. FMR LLC increased its holdings in Dynex Capital by 141.0% during the first quarter. FMR LLC now owns 3,210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,878 shares during the last quarter. Clear Street Markets LLC bought a new stake in Dynex Capital during the fourth quarter worth $39,000. Finally, PNC Financial Services Group Inc. lifted its stake in Dynex Capital by 1,862.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 2,551 shares during the last quarter. 43.65% of the stock is owned by institutional investors.
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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