Dynex Capital (NYSE:DX) Cut to Sell at StockNews.com

StockNews.com cut shares of Dynex Capital (NYSE:DX) from a hold rating to a sell rating in a research note published on Wednesday.

Several other research analysts have also recently commented on the company. JMP Securities reaffirmed a market perform rating on shares of Dynex Capital in a research report on Thursday, April 18th. Compass Point assumed coverage on Dynex Capital in a report on Friday, April 12th. They set a buy rating and a $14.50 price objective for the company. Janney Montgomery Scott assumed coverage on Dynex Capital in a report on Thursday, June 6th. They set a buy rating and a $13.50 price objective for the company. Jonestrading reissued a buy rating and set a $14.00 price objective on shares of Dynex Capital in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on Dynex Capital from $13.50 to $12.25 and set an outperform rating for the company in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $13.35.

Dynex Capital Trading Down 0.4 %

Shares of Dynex Capital stock opened at $12.11 on Wednesday. The company has a market cap of $904.74 million, a price-to-earnings ratio of 10.35 and a beta of 1.34. Dynex Capital has a 1 year low of $9.57 and a 1 year high of $13.40. The company’s fifty day simple moving average is $12.06 and its 200-day simple moving average is $12.17. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.02.

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

Dynex Capital Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, August 1st. Investors of record on Tuesday, July 23rd were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $1.56 annualized dividend and a yield of 12.88%. Dynex Capital’s dividend payout ratio (DPR) is 133.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Dynex Capital by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust’s stock worth $34,849,000 after purchasing an additional 34,429 shares during the last quarter. SG Americas Securities LLC raised its holdings in Dynex Capital by 191.1% during the 4th quarter. SG Americas Securities LLC now owns 32,136 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 21,097 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Dynex Capital by 1,341.0% during the 4th quarter. International Assets Investment Management LLC now owns 399,520 shares of the real estate investment trust’s stock worth $5,002,000 after purchasing an additional 371,795 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Dynex Capital by 84.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,127,014 shares of the real estate investment trust’s stock worth $14,110,000 after purchasing an additional 516,898 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dynex Capital by 27.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,613 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 3,968 shares during the last quarter. Institutional investors and hedge funds 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.