Dynex Capital (NYSE:DX) Reaches New 52-Week High – What’s Next?

Dynex Capital, Inc. (NYSE:DX)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $13.85 and last traded at $13.70, with a volume of 2816291 shares trading hands. The stock had previously closed at $13.79.

Analysts Set New Price Targets

DX has been the topic of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

Dynex Capital Stock Performance

The stock has a fifty day simple moving average of $12.84 and a two-hundred day simple moving average of $12.59. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 9.44 and a beta of 1.31. 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 issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share 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%. Analysts expect that Dynex Capital, Inc. will post 1.94 EPS for the current fiscal year.

Dynex Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.97%. The ex-dividend date of this dividend is Monday, February 24th. Dynex Capital’s dividend payout ratio is presently 122.45%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Dynex Capital by 305.9% in the 3rd quarter. Signaturefd LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,661 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Dynex Capital by 838.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,223 shares during the last quarter. Westend Capital Management LLC raised its position in Dynex Capital by 37.0% during 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 during the last quarter. New Age Alpha Advisors LLC bought a new position in Dynex Capital during the 4th quarter worth $43,000. Finally, PNC Financial Services Group Inc. raised its position in Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,700 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors.

About Dynex Capital

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.