Ladenburg Thalmann Financial Services reaffirmed their buy rating on shares of Dynex Capital, Inc. (NYSE:DX) in a research report report published on Tuesday. They currently have a $7.50 price target on the real estate investment trust’s stock.

DX has been the subject of a number of other reports. BidaskClub lowered Dynex Capital from a buy rating to a hold rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Dynex Capital from a sell rating to a hold rating in a research note on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $7.25 price target on shares of Dynex Capital in a research note on Friday, October 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $7.38.

Shares of Dynex Capital (DX) opened at 7.34 on Tuesday. Dynex Capital has a 52-week low of $6.49 and a 52-week high of $7.41. The company has a 50-day moving average price of $7.17 and a 200-day moving average price of $7.02. The company has a market cap of $361.38 million, a P/E ratio of 4.77 and a beta of 0.84.

Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $14.26 million. Dynex Capital had a return on equity of 11.04% and a net margin of 93.54%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. On average, equities analysts predict that Dynex Capital will post $0.71 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 3rd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date of this dividend is Monday, October 2nd. Dynex Capital’s dividend payout ratio is currently 46.75%.

Several hedge funds have recently modified their holdings of the stock. Family Management Corp lifted its stake in shares of Dynex Capital by 75.9% during the 2nd quarter. Family Management Corp now owns 27,162 shares of the real estate investment trust’s stock worth $193,000 after acquiring an additional 11,724 shares during the last quarter. Susquehanna International Group LLP lifted its stake in shares of Dynex Capital by 81.9% during the 2nd quarter. Susquehanna International Group LLP now owns 36,931 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 16,631 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Dynex Capital by 70.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 51,448 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 21,237 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Dynex Capital by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,822 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 1,019 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Dynex Capital by 3.6% during the 2nd quarter. State Street Corp now owns 1,180,035 shares of the real estate investment trust’s stock worth $8,375,000 after acquiring an additional 41,475 shares during the last quarter. 44.41% of the stock is owned by hedge funds and other institutional investors.

Dynex Capital Company Profile

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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