Dynex Capital, Inc. (DX) Earns Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Dynex Capital, Inc. (NYSE:DX) in a research report sent to investors on Friday. The firm currently has a $7.25 price objective on the real estate investment trust’s stock.

Several other research firms have also recently commented on DX. BidaskClub raised shares of Dynex Capital from a hold rating to a buy rating in a research report on Saturday, August 26th. Zacks Investment Research raised shares of Dynex Capital from a sell rating to a hold rating in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Dynex Capital presently has an average rating of Hold and an average price target of $7.25.

Shares of Dynex Capital (NYSE DX) opened at 7.10 on Friday. The company has a market cap of $349.56 million, a price-to-earnings ratio of 4.61 and a beta of 0.84. The company’s 50-day moving average price is $7.16 and its 200 day moving average price is $7.01. Dynex Capital has a 12-month low of $6.49 and a 12-month high of $7.41.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The business had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $14.26 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts predict that Dynex Capital will post $0.72 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/09/dynex-capital-inc-dx-earns-hold-rating-from-keefe-bruyette-woods.html.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.72 annualized dividend and a dividend yield of 10.14%. Dynex Capital’s dividend payout ratio is currently 46.75%.

Institutional investors have recently bought and sold shares of the business. Family Management Corp bought a new position in shares of Dynex Capital during the 1st quarter worth approximately $109,000. Bank of America Corp DE lifted its position in shares of Dynex Capital by 34.5% during the 1st quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 4,002 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Dynex Capital by 3.5% during the 1st quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 563 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Dynex Capital by 16.5% during the 2nd quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,500 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Dynex Capital by 10.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 1,970 shares in the last quarter. 44.41% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capi

Several other research firms have also recently commented on DX. BidaskClub raised shares of Dynex Capital from a hold rating to a buy rating in a research report on Saturday, August 26th. Zacks Investment Research raised shares of Dynex Capital from a sell rating to a hold rating in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Dynex Capital presently has an average rating of Hold and an average price target of $7.25.

Shares of Dynex Capital (NYSE DX) opened at 7.10 on Friday. The company has a market cap of $349.56 million, a price-to-earnings ratio of 4.61 and a beta of 0.84. The company’s 50-day moving average price is $7.16 and its 200 day moving average price is $7.01. Dynex Capital has a 12-month low of $6.49 and a 12-month high of $7.41.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The business had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $14.26 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts predict that Dynex Capital will post $0.72 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/09/dynex-capital-inc-dx-earns-hold-rating-from-keefe-bruyette-woods.html.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.72 annualized dividend and a dividend yield of 10.14%. Dynex Capital’s dividend payout ratio is currently 46.75%.

Institutional investors have recently bought and sold shares of the business. Family Management Corp bought a new position in shares of Dynex Capital during the 1st quarter worth approximately $109,000. Bank of America Corp DE lifted its position in shares of Dynex Capital by 34.5% during the 1st quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 4,002 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Dynex Capital by 3.5% during the 1st quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 563 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Dynex Capital by 16.5% during the 2nd quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,500 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Dynex Capital by 10.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 1,970 shares in the last quarter. 44.41% of the stock is currently owned by hedge funds and other institutional investors.

Dynex Capital Company Profile

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.

Receive News & Ratings for Dynex Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply