Dynex Capital (NYSE:DX) Sees Unusually-High Trading Volume – Here’s What Happened

Dynex Capital, Inc. (NYSE:DX) saw unusually-strong trading volume on Monday . Approximately 1,199,762 shares were traded during mid-day trading, a decline of 17% from the previous session’s volume of 1,453,056 shares.The stock last traded at $12.65 and had previously closed at $12.63.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. StockNews.com downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.35.

Dynex Capital Trading Up 0.3 %

The stock has a market cap of $813.52 million, a price-to-earnings ratio of 10.79 and a beta of 1.33. The business’s 50 day moving average is $12.47 and its 200 day moving average is $12.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.30). The business had revenue of $76.05 million for the quarter. Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. During the same quarter in the previous year, the business earned ($0.27) earnings per share. As a group, equities analysts expect that Dynex Capital, Inc. will post 1 earnings per share for the current fiscal year.

Dynex Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 25th will be given a $0.13 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.56 dividend on an annualized basis and a yield of 12.31%. Dynex Capital’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Investors Weigh In On Dynex Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Dynex Capital by 3.1% in the 2nd quarter. International Assets Investment Management LLC now owns 32,458 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 972 shares during the period. Cambridge Advisors Inc. boosted its position in shares of Dynex Capital by 5.9% in the 1st quarter. Cambridge Advisors Inc. now owns 18,000 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 1,000 shares in the last quarter. Kovack Advisors Inc. boosted its position in shares of Dynex Capital by 7.2% in the 1st quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,135 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Dynex Capital by 8.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Dynex Capital by 15.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,259 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,134 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company’s stock.

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.