Dynex Capital, Inc. (DX) Given Consensus Recommendation of “Hold” by Analysts

Dynex Capital, Inc. (NYSE:DX) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.38.

DX has been the topic of a number of analyst reports. BidaskClub downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.25 price target on shares of Dynex Capital in a report on Friday. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $7.50 price target on shares of Dynex Capital in a report on Tuesday.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/dynex-capital-inc-dx-given-consensus-recommendation-of-hold-by-analysts.html.

Shares of Dynex Capital (DX) traded up 0.84% during mid-day trading on Tuesday, reaching $7.21. 314,242 shares of the company’s stock were exchanged. Dynex Capital has a 52-week low of $6.49 and a 52-week high of $7.41. The company’s 50-day moving average price is $7.16 and its 200 day moving average price is $7.01. The company has a market cap of $354.98 million, a PE ratio of 4.68 and a beta of 0.84.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $16.10 million for 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%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. On average, equities research analysts predict that Dynex Capital will post $0.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 3rd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.07%. The ex-dividend date is Monday, October 2nd. Dynex Capital’s dividend payout ratio (DPR) is currently 46.75%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Management Corp purchased a new stake in Dynex Capital during the first quarter valued at about $109,000. Bank of America Corp DE lifted its holdings in Dynex Capital by 34.5% during the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 4,002 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Dynex Capital by 3.5% during the first quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 563 shares during the last quarter. Advisor Group Inc. lifted its holdings in Dynex Capital by 16.5% during the second quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Dynex Capital by 10.4% during the second quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock valued at $148,000 after

DX has been the topic of a number of analyst reports. BidaskClub downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.25 price target on shares of Dynex Capital in a report on Friday. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $7.50 price target on shares of Dynex Capital in a report on Tuesday.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/dynex-capital-inc-dx-given-consensus-recommendation-of-hold-by-analysts.html.

Shares of Dynex Capital (DX) traded up 0.84% during mid-day trading on Tuesday, reaching $7.21. 314,242 shares of the company’s stock were exchanged. Dynex Capital has a 52-week low of $6.49 and a 52-week high of $7.41. The company’s 50-day moving average price is $7.16 and its 200 day moving average price is $7.01. The company has a market cap of $354.98 million, a PE ratio of 4.68 and a beta of 0.84.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $16.10 million for 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%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. On average, equities research analysts predict that Dynex Capital will post $0.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 3rd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.07%. The ex-dividend date is Monday, October 2nd. Dynex Capital’s dividend payout ratio (DPR) is currently 46.75%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Management Corp purchased a new stake in Dynex Capital during the first quarter valued at about $109,000. Bank of America Corp DE lifted its holdings in Dynex Capital by 34.5% during the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 4,002 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Dynex Capital by 3.5% during the first quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 563 shares during the last quarter. Advisor Group Inc. lifted its holdings in Dynex Capital by 16.5% during the second quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Dynex Capital by 10.4% during the second quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 1,970 shares during the last quarter. 44.41% of the stock is currently owned by institutional investors and hedge funds.

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.

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