Dynex Capital (NYSE:DX) Receives “Buy” Rating from Jonestrading

Jonestrading restated their buy rating on shares of Dynex Capital (NYSE:DX) in a report issued on Monday morning, Benzinga reports. They currently have a $14.00 price objective on the real estate investment trust’s stock.

DX has been the topic of a number of other reports. Compass Point assumed coverage on shares of Dynex Capital in a report on Friday, April 12th. They set a buy rating and a $14.50 price objective on the stock. StockNews.com upgraded shares of Dynex Capital to a sell rating in a research report on Tuesday, December 26th. Finally, JMP Securities restated a market perform rating on shares of Dynex Capital in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dynex Capital presently has an average rating of Hold and an average price target of $13.31.

Dynex Capital Price Performance

Shares of DX opened at $11.89 on Monday. The firm has a market capitalization of $702.76 million, a PE ratio of 10.16 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. Dynex Capital has a 1-year low of $9.57 and a 1-year high of $13.56. The company’s fifty day moving average price is $12.19 and its 200-day moving average price is $11.94.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The company had revenue of $71.19 million for the quarter. Dynex Capital had a net margin of 30.50% and a negative return on equity of 7.51%.

Dynex Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 23rd will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.13%. Dynex Capital’s dividend payout ratio (DPR) is currently 133.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DX. SG Americas Securities LLC acquired a new position in shares of Dynex Capital in the third quarter worth about $132,000. Bank of New York Mellon Corp raised its position in shares of Dynex Capital by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 189,024 shares of the real estate investment trust’s stock worth $2,257,000 after purchasing an additional 7,054 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Dynex Capital by 2.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 610,116 shares of the real estate investment trust’s stock worth $7,285,000 after purchasing an additional 13,079 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Dynex Capital by 21.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 29,595 shares of the real estate investment trust’s stock worth $353,000 after purchasing an additional 5,310 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Dynex Capital by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,580,457 shares of the real estate investment trust’s stock worth $18,871,000 after purchasing an additional 98,990 shares during the last quarter. Institutional investors and hedge funds 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.