Dynex Capital (NYSE:DX) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, September 4th, ValuEngine reports.
Separately, Zacks Investment Research lowered Dynex Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.82.
DX stock traded up $0.13 during midday trading on Wednesday, reaching $15.29. 2,984 shares of the company’s stock traded hands, compared to its average volume of 415,610. The company has a 50-day simple moving average of $15.28 and a two-hundred day simple moving average of $10.07. Dynex Capital has a 1-year low of $13.84 and a 1-year high of $19.35. The company has a market cap of $376.31 million, a price-to-earnings ratio of 6.97 and a beta of 0.64.
Dynex Capital (NYSE:DX) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The business had revenue of $12.94 million for the quarter. Dynex Capital had a negative net margin of 157.13% and a positive return on equity of 12.74%. On average, sell-side analysts anticipate that Dynex Capital will post 1.85 earnings per share for the current fiscal year.
In other news, CFO Stephen J. Benedetti bought 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $14.68 per share, with a total value of $58,720.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.36% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Dynex Capital by 66.6% during the fourth quarter. Bank of America Corp DE now owns 32,036 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 12,809 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Dynex Capital by 138.5% during the fourth quarter. Deutsche Bank AG now owns 307,655 shares of the real estate investment trust’s stock worth $1,758,000 after buying an additional 178,647 shares in the last quarter. Strs Ohio increased its holdings in shares of Dynex Capital by 15.1% during the first quarter. Strs Ohio now owns 18,300 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 2,400 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in Dynex Capital by 21.1% during the 1st quarter. Virginia Retirement Systems ET AL now owns 73,900 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 12,900 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Dynex Capital by 138.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 14,367 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 8,350 shares during the period. Institutional investors and hedge funds own 53.12% 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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