Shares of Dynex Capital Inc. (NYSE:DX) have earned an average rating of “Hold” from the six analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $7.25.
DX has been the subject of a number of analyst reports. Zacks Investment Research raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Credit Suisse Group AG reiterated a “hold” rating and issued a $7.25 target price on shares of Dynex Capital in a research note on Friday, September 9th.
Dynex Capital (NYSE:DX) opened at 6.79 on Thursday. The stock has a 50 day moving average price of $7.32 and a 200 day moving average price of $6.94. Dynex Capital has a 52 week low of $5.22 and a 52 week high of $7.61. The stock’s market cap is $333.70 million.
Dynex Capital (NYSE:DX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Dynex Capital had a positive return on equity of 13.04% and a negative net margin of 45.32%. The company earned $16.72 million during the quarter, compared to analyst estimates of $16.56 million. During the same period last year, the firm earned $0.21 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. On average, equities analysts predict that Dynex Capital will post $1.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.84 annualized dividend and a yield of 12.37%. Dynex Capital’s dividend payout ratio is presently -80.00%.
In other Dynex Capital news, Director Thomas B. Akin sold 101,298 shares of the company’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $6.68, for a total transaction of $676,670.64. Following the completion of the sale, the director now directly owns 1,308,472 shares in the company, valued at $8,740,592.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas B. Akin sold 57,421 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $6.64, for a total value of $381,275.44. Following the sale, the director now owns 1,308,472 shares of the company’s stock, valued at $8,688,254.08. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Advisor Group Inc. purchased a new stake in shares of Dynex Capital during the second quarter valued at approximately $103,000. Stifel Financial Corp purchased a new stake in shares of Dynex Capital during the second quarter valued at approximately $108,000. Sterneck Capital Management LLC raised its stake in shares of Dynex Capital by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 17,374 shares of the company’s stock valued at $116,000 after buying an additional 54 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Dynex Capital by 71.8% in the second quarter. Alliancebernstein L.P. now owns 17,950 shares of the company’s stock valued at $125,000 after buying an additional 7,500 shares in the last quarter. Finally, Deere & Co. purchased a new stake in shares of Dynex Capital during the second quarter valued at approximately $126,000. Institutional investors own 43.87% of the company’s stock.