Dynex Capital, Inc. (DX) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Dynex Capital, Inc. (NYSE:DX)‘s stock had its “hold” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. They presently have a $7.25 price objective on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 2.11% from the stock’s previous close.

DX has been the subject of a number of other research reports. BidaskClub upgraded Dynex Capital from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Shares of Dynex Capital (NYSE DX) opened at 7.10 on Friday. The stock has a market cap of $349.56 million, a price-to-earnings ratio of 4.61 and a beta of 0.84. Dynex Capital has a 52 week low of $6.49 and a 52 week high of $7.41. The company has a 50-day moving average price of $7.16 and a 200-day moving average price of $7.01.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Dynex Capital had a return on equity of 11.04% and a net margin of 93.54%. The company had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $14.26 million. During the same quarter in the previous year, the business earned $0.21 EPS. Dynex Capital’s revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Dynex Capital will post $0.72 EPS for the current year.

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Several hedge funds have recently modified their holdings of the business. Family Management Corp lifted its holdings in shares of Dynex Capital by 75.9% in the 2nd quarter. Family Management Corp now owns 27,162 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 11,724 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Dynex Capital by 81.9% in the 2nd quarter. Susquehanna International Group LLP now owns 36,931 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 16,631 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Dynex Capital by 70.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 51,448 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 21,237 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Dynex Capital by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,822 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 1,019 shares during the period. Finally, State Street Corp lifted its holdings in shares of Dynex Capital by 3.6% in the 2nd quarter. State Street Corp now owns 1,180,035 shares of the real estate investment trust’s stock worth $8,375,000 after buying an additional 41,475 shares during the period. Institutional investors and hedge funds own 44.41% of the company’s stock.

Dynex Capital Company Profile

Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.

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