Dynex Capital (NYSE:DX) Hits New 12-Month High – What’s Next?

Dynex Capital, Inc. (NYSE:DX) reached a new 52-week high during trading on Thursday . The company traded as high as $13.12 and last traded at $13.08, with a volume of 1840983 shares. The stock had previously closed at $12.86.

Wall Street Analysts Forecast Growth

DX has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Dynex Capital has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Price Performance

The firm has a market cap of $1.05 billion, a P/E ratio of 9.02 and a beta of 1.30. The firm’s fifty day simple moving average is $12.59 and its 200 day simple moving average is $12.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20.

Dynex Capital (NYSE:DX) last released its quarterly 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 net margin of 35.65% and a negative return on equity of 2.24%. As a group, analysts forecast that Dynex Capital, Inc. will post 1.87 earnings per share for the current year.

Dynex Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, January 23rd. This represents a $1.80 annualized dividend and a yield of 13.57%. Dynex Capital’s dividend payout ratio (DPR) is currently 122.45%.

Institutional Investors Weigh In On Dynex Capital

Several large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in Dynex Capital by 305.9% during the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,661 shares during the last quarter. Westend Capital Management LLC grew its stake in shares of Dynex Capital by 37.0% during the fourth quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 919 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Dynex Capital in the second quarter worth approximately $128,000. Hilton Capital Management LLC bought a new stake in shares of Dynex Capital during the 3rd quarter worth approximately $142,000. Finally, Firethorn Wealth Partners LLC purchased a new position in Dynex Capital during the 4th quarter valued at $148,000. 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.