Shares of Dynex Capital Inc (NYSE:DX) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.25.

A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. TheStreet downgraded shares of Dynex Capital from a “c” rating to a “d+” rating in a report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods set a $7.00 price objective on shares of Dynex Capital and gave the company a “hold” rating in a report on Thursday, August 2nd.

NYSE DX traded up $0.05 during trading on Friday, reaching $6.43. The company’s stock had a trading volume of 235,100 shares, compared to its average volume of 338,814. The company has a market capitalization of $363.48 million, a P/E ratio of 8.76 and a beta of 0.73. Dynex Capital has a 12 month low of $6.01 and a 12 month high of $7.41.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. The firm had revenue of $11.75 million during the quarter. Dynex Capital had a net margin of 93.79% and a return on equity of 13.60%. research analysts forecast that Dynex Capital will post 0.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Thursday, July 5th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.20%. The ex-dividend date was Tuesday, July 3rd. Dynex Capital’s payout ratio is presently 98.63%.

In other news, Director Barry Igdaloff sold 9,349 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $6.53, for a total value of $61,048.97. Following the completion of the transaction, the director now directly owns 318,986 shares in the company, valued at approximately $2,082,978.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.96% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of DX. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Dynex Capital in the 2nd quarter valued at approximately $128,000. Bank of America Corp DE raised its position in shares of Dynex Capital by 77.1% in the 2nd quarter. Bank of America Corp DE now owns 23,249 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 10,120 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Dynex Capital by 167.9% in the 2nd quarter. MetLife Investment Advisors LLC now owns 27,274 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 17,092 shares in the last quarter. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Dynex Capital in the 1st quarter valued at approximately $225,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Dynex Capital in the 2nd quarter valued at approximately $245,000. Institutional investors own 50.70% of the company’s stock.

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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