Dynex Capital (NYSE:DX) Sets New 1-Year High – Time to Buy?

Dynex Capital, Inc. (NYSE:DX)’s share price hit a new 52-week high on Thursday . The stock traded as high as $13.44 and last traded at $13.39, with a volume of 418455 shares. The stock had previously closed at $13.34.

Analyst Ratings Changes

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

Dynex Capital Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 9.06 and a beta of 1.31. The firm’s fifty day moving average is $12.69 and its 200-day moving average is $12.51.

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

Dynex Capital Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Thursday, January 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $1.80 annualized dividend and a dividend yield of 13.51%. Dynex Capital’s dividend payout ratio is currently 122.45%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DX. Westend Capital Management LLC lifted its holdings in shares of Dynex Capital by 37.0% in the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 919 shares in the last quarter. Founders Financial Alliance LLC lifted its stake in shares of Dynex Capital by 4.7% in the fourth quarter. Founders Financial Alliance LLC now owns 21,195 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 950 shares in the last quarter. Cambridge Advisors Inc. lifted its stake in shares of Dynex Capital by 7.6% in the fourth quarter. Cambridge Advisors Inc. now owns 18,400 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,300 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Dynex Capital by 305.9% during the third quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,661 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Dynex Capital by 87.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,700 shares in the last quarter. 38.34% 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.