According to Zacks, “Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Currently, the Company’s primary production operations include the origination of mortgage loans secured by multi-family properties and the origination of loans secured by manufactured homes. The Company has recently expanded its production activities to include commercial real estate loans and may expand into other financial products in the future. “
A number of other research analysts also recently weighed in on the stock. LADENBURG THALM/SH SH downgraded shares of Dynex Capital from a buy rating to a neutral rating and set a $6.07 target price for the company. in a research report on Thursday, May 2nd. ValuEngine downgraded shares of Dynex Capital from a hold rating to a sell rating in a research report on Monday, April 29th. Finally, Nomura assumed coverage on shares of Dynex Capital in a research report on Wednesday, March 27th. They issued a buy rating and a $7.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $6.71.
Dynex Capital’s stock is going to reverse split on Friday, June 21st. The 1-3 reverse split was announced on Thursday, June 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, June 20th.
Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Dynex Capital had a negative net margin of 71.70% and a positive return on equity of 13.53%. The business had revenue of $13.68 million for the quarter. Analysts predict that Dynex Capital will post 0.68 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 37.63%. The ex-dividend date of this dividend is Tuesday, June 25th. Dynex Capital’s dividend payout ratio (DPR) is currently 98.63%.
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Dynex Capital by 234.4% in the 1st quarter. FMR LLC now owns 4,726,214 shares of the real estate investment trust’s stock valued at $28,782,000 after acquiring an additional 3,313,061 shares during the period. Renaissance Technologies LLC grew its position in shares of Dynex Capital by 253.9% in the 1st quarter. Renaissance Technologies LLC now owns 966,500 shares of the real estate investment trust’s stock valued at $5,886,000 after acquiring an additional 693,423 shares during the period. Millennium Management LLC grew its position in shares of Dynex Capital by 197.7% in the 4th quarter. Millennium Management LLC now owns 892,558 shares of the real estate investment trust’s stock valued at $5,105,000 after acquiring an additional 592,694 shares during the period. BlackRock Inc. grew its position in shares of Dynex Capital by 15.1% in the 1st quarter. BlackRock Inc. now owns 4,423,711 shares of the real estate investment trust’s stock valued at $26,940,000 after acquiring an additional 580,225 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Dynex Capital by 19.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,329,780 shares of the real estate investment trust’s stock valued at $21,244,000 after acquiring an additional 544,936 shares during the period. 54.65% of the stock is owned by institutional investors and hedge funds.
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.
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