Dynex Capital Inc (NYSE:DX) has received a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.07.

Several research analysts recently commented on DX shares. Nomura decreased their target price on shares of Carnival from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. LADENBURG THALM/SH SH set a $220.00 target price on shares of SAGE Therapeutics and gave the stock a “buy” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

A number of large investors have recently added to or reduced their stakes in DX. Rhumbline Advisers raised its holdings in Dynex Capital by 46.2% during the fourth quarter. Rhumbline Advisers now owns 78,499 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 24,796 shares during the last quarter. First Trust Advisors LP raised its holdings in Dynex Capital by 23.2% during the fourth quarter. First Trust Advisors LP now owns 107,591 shares of the real estate investment trust’s stock worth $615,000 after buying an additional 20,238 shares during the last quarter. California Public Employees Retirement System raised its holdings in Dynex Capital by 3.1% during the fourth quarter. California Public Employees Retirement System now owns 150,849 shares of the real estate investment trust’s stock worth $863,000 after buying an additional 4,585 shares during the last quarter. BlackRock Inc. raised its holdings in Dynex Capital by 6.0% during the fourth quarter. BlackRock Inc. now owns 3,843,486 shares of the real estate investment trust’s stock worth $21,984,000 after buying an additional 216,974 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Dynex Capital by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 316,637 shares of the real estate investment trust’s stock worth $1,811,000 after buying an additional 16,144 shares during the last quarter.

Shares of NYSE DX traded down $0.13 during mid-day trading on Tuesday, hitting $17.10. The stock had a trading volume of 331,724 shares, compared to its average volume of 377,057. Dynex Capital has a 1 year low of $16.23 and a 1 year high of $20.46. The business’s 50 day moving average price is $12.09. The stock has a market capitalization of $420.71 million, a price-to-earnings ratio of 7.81 and a beta of 0.62.

Dynex Capital (NYSE:DX) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Dynex Capital had a negative net margin of 71.70% and a positive return on equity of 13.53%. The company had revenue of $13.68 million for the quarter. On average, research analysts expect that Dynex Capital will post 2.04 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 22nd will be issued a $0.18 dividend. This represents a $2.16 annualized dividend and a yield of 12.63%. The ex-dividend date is Friday, July 19th. Dynex Capital’s dividend payout ratio (DPR) is currently 98.63%.

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.

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