Dynex Capital, Inc. Announces Monthly Dividend of $0.13 (NYSE:DX)

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Friday, April 12th, NASDAQ reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.13 per share by the real estate investment trust on Wednesday, May 1st. This represents a $1.56 dividend on an annualized basis and a yield of 13.23%. The ex-dividend date is Monday, April 22nd.

Dynex Capital has decreased its dividend by an average of 2.1% per year over the last three years.

Dynex Capital Stock Up 0.5 %

DX stock opened at $11.79 on Friday. Dynex Capital has a 1-year low of $9.57 and a 1-year high of $13.56. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $12.26 and its 200-day moving average is $11.94.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The firm had revenue of $71.19 million for the quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DX. Jonestrading raised their price objective on shares of Dynex Capital from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com upgraded Dynex Capital to a “sell” rating in a research report on Tuesday, December 26th. Finally, Compass Point started coverage on Dynex Capital in a report on Friday. They issued a “buy” rating and a $14.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.63.

Hedge Funds Weigh In On Dynex Capital

Several institutional investors have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Dynex Capital by 2,294.0% in the first quarter. Schonfeld Strategic Advisors LLC now owns 1,120,380 shares of the real estate investment trust’s stock valued at $13,579,000 after purchasing an additional 1,073,580 shares in the last quarter. Millennium Management LLC acquired a new position in Dynex Capital during the 2nd quarter worth approximately $15,107,000. Balyasny Asset Management LLC grew its stake in shares of Dynex Capital by 105.9% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust’s stock worth $17,014,000 after acquiring an additional 751,053 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Dynex Capital by 3,181.2% in the second quarter. Goldman Sachs Group Inc. now owns 492,581 shares of the real estate investment trust’s stock valued at $7,842,000 after purchasing an additional 477,569 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Dynex Capital in the fourth quarter worth $5,265,000. Institutional investors own 38.34% of the company’s stock.

Dynex Capital Company Profile

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.