Dynex Capital (DX) Reaches New 1-Year Low at $5.98

Dynex Capital Inc (NYSE:DX) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.98 and last traded at $5.97, with a volume of 35672 shares changing hands. The stock had previously closed at $6.06.

DX has been the topic of a number of research analyst reports. ValuEngine upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Keefe, Bruyette & Woods set a $7.00 price target on Dynex Capital and gave the company a “hold” rating in a report on Thursday, August 2nd.

The firm has a market cap of $366.93 million, a PE ratio of 8.05 and a beta of 0.55.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Dynex Capital had a return on equity of 13.60% and a net margin of 93.79%. The company had revenue of $11.75 million for the quarter. Research analysts expect that Dynex Capital Inc will post 0.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, October 2nd. This represents a $0.72 annualized dividend and a yield of 12.24%. Dynex Capital’s payout ratio is 98.63%.

A number of institutional investors have recently bought and sold shares of DX. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Dynex Capital during the 2nd quarter valued at approximately $128,000. Bank of America Corp DE boosted its position in Dynex Capital by 77.1% during 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 acquiring an additional 10,120 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in Dynex Capital by 167.9% during 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 acquiring an additional 17,092 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Dynex Capital during the 2nd quarter valued at approximately $245,000. Finally, A.R.T. Advisors LLC bought a new stake in Dynex Capital during the 1st quarter valued at approximately $275,000. 50.86% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Company Profile (NYSE:DX)

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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