Dynex Capital Inc (NYSE:DX) saw unusually-high trading volume on Friday . Approximately 4,230,536 shares traded hands during trading, an increase of 1,101% from the previous session’s volume of 352,196 shares.The stock last traded at $7.26 and had previously closed at $7.18.

DX has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.25 price target on shares of Dynex Capital in a research report on Friday, October 6th. BidaskClub raised Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $7.50 price target on shares of Dynex Capital in a research report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Dynex Capital has an average rating of “Buy” and a consensus price target of $7.58.

The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $386.37, a PE ratio of 9.95 and a beta of 0.81.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Dynex Capital had a return on equity of 11.08% and a net margin of 86.86%. The business had revenue of $13.21 million for the quarter, compared to analysts’ expectations of $15.36 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was down 12.3% compared to the same quarter last year. equities research analysts predict that Dynex Capital Inc will post 0.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.92%. The ex-dividend date is Thursday, December 28th. Dynex Capital’s dividend payout ratio (DPR) is 50.00%.

Several large investors have recently added to or reduced their stakes in DX. Bank of America Corp DE lifted its stake in shares of Dynex Capital by 34.5% in the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 4,002 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Dynex Capital during the third quarter valued at approximately $113,000. Advisor Group Inc. raised its stake in Dynex Capital by 16.5% during the second quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 2,500 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Dynex Capital by 10.4% during the second quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,970 shares in the last quarter. Finally, Girard Partners LTD. acquired a new stake in Dynex Capital during the second quarter valued at approximately $160,000. Institutional investors and hedge funds own 44.70% of the company’s stock.

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About Dynex Capital

Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.

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