Ladenburg Thalmann Financial Services reiterated their buy rating on shares of Dynex Capital, Inc. (NYSE:DX) in a research report released on Tuesday. The brokerage currently has a $7.50 price objective on the real estate investment trust’s stock.
Several other brokerages have also recently weighed in on DX. Keefe, Bruyette & Woods reiterated a hold rating and issued a $7.25 price objective on shares of Dynex Capital in a research note on Friday, October 6th. BidaskClub upgraded shares of Dynex Capital from a hold rating to a buy rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research upgraded shares of Dynex Capital from a sell rating to a hold rating in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Dynex Capital has an average rating of Hold and a consensus target price of $7.38.
Shares of Dynex Capital (NYSE DX) traded up 0.27% on Tuesday, hitting $7.33. 105,809 shares of the stock were exchanged. The firm has a market capitalization of $360.89 million, a PE ratio of 4.76 and a beta of 0.84. The company has a 50-day moving average price of $7.17 and a 200-day moving average price of $7.02. Dynex Capital has a one year low of $6.49 and a one year high of $7.41.
Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $16.10 million during the quarter, compared to the consensus estimate of $14.26 million. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. Dynex Capital’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities research analysts expect that Dynex Capital will post $0.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 3rd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 9.85%. The ex-dividend date of this dividend is Monday, October 2nd. Dynex Capital’s dividend payout ratio (DPR) is 46.75%.
Institutional investors have recently modified their holdings of the business. Teachers Advisors LLC raised its position in shares of Dynex Capital by 0.8% in the 4th quarter. Teachers Advisors LLC now owns 92,579 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 707 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Dynex Capital by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 282,620 shares of the real estate investment trust’s stock valued at $2,004,000 after buying an additional 15,051 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Dynex Capital by 59.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 35,088 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 13,100 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Dynex Capital in the 1st quarter valued at approximately $375,000. Finally, Oxford Asset Management acquired a new position in shares of Dynex Capital in the 1st quarter valued at approximately $573,000. Institutional investors and hedge funds own 44.41% of the company’s stock.
About Dynex Capital
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
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