Dynex Capital (NYSE:DX) Reaches New 52-Week High – What’s Next?

Dynex Capital, Inc. (NYSE:DX) reached a new 52-week high on Wednesday . The stock traded as high as $13.85 and last traded at $13.70, with a volume of 2816291 shares trading hands. The stock had previously closed at $13.79.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dynex Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

Dynex Capital Stock Up 0.5 %

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.44 and a beta of 1.31. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $12.84 and a 200-day moving average price of $12.59.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. As a group, equities analysts anticipate that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 12.97%. The ex-dividend date is Monday, February 24th. Dynex Capital’s dividend payout ratio (DPR) is currently 122.45%.

Hedge Funds Weigh In On Dynex Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Dynex Capital by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 4,317,400 shares of the real estate investment trust’s stock worth $54,615,000 after acquiring an additional 260,798 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Dynex Capital by 7.0% in the third quarter. Victory Capital Management Inc. now owns 2,092,808 shares of the real estate investment trust’s stock valued at $26,704,000 after purchasing an additional 136,776 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dynex Capital by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust’s stock valued at $23,256,000 after purchasing an additional 136,280 shares in the last quarter. State Street Corp raised its holdings in Dynex Capital by 2.9% during the third quarter. State Street Corp now owns 1,550,115 shares of the real estate investment trust’s stock worth $19,977,000 after acquiring an additional 44,302 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dynex Capital by 6.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,427,121 shares of the real estate investment trust’s stock worth $18,053,000 after acquiring an additional 81,510 shares in the last quarter. Institutional investors 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.