Dynex Capital (NYSE:DX) Given New $12.50 Price Target at JonesTrading

Key Points

• JonesTrading lowered Dynex Capital’s price target to $12.50 from $14.75 but maintained a “buy” rating, implying approximately 18.25% upside from the stock’s $10.57 price.
• Analyst sentiment is mixed: three analysts rate the stock a buy, one holds, and one sells it, resulting in an overall “hold” consensus and an average target of $13.38.
• Dynex reported adjusted EPS of $0.38, narrowly missing estimates, while its shares traded near their 52-week low. Recent results also showed significant portfolio-value pressure, including a decline in book value per share and increased leverage.

Dynex Capital (NYSE:DX - Get Free Report) had its price objective decreased by equities research analysts at JonesTrading from $14.75 to $12.50 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. JonesTrading's price objective points to a potential upside of 18.25% from the stock's current price.

Several other equities research analysts have also commented on the company. Weiss Ratings lowered Dynex Capital from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of Dynex Capital in a report on Tuesday, July 21st. Finally, BTIG Research set a $12.00 price target on shares of Dynex Capital and gave the company a "buy" rating in a research report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Dynex Capital presently has an average rating of "Hold" and an average target price of $13.38.

Dynex Capital Stock Performance

NYSE DX traded down $0.36 on Monday, reaching $10.57. 11,729,819 shares of the company's stock traded hands, compared to its average volume of 6,037,363. The stock has a 50 day moving average price of $12.15 and a 200-day moving average price of $12.75. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 4.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16. Dynex Capital has a fifty-two week low of $10.31 and a fifty-two week high of $14.93.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.

Insider Transactions at Dynex Capital

In related news, CIO John Jr purchased 2,500 shares of the company's stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average price of $11.18 per share, with a total value of $27,950.00. Following the purchase, the executive owned 58,695 shares of the company's stock, valued at $656,210.10. The trade was a 4.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.76% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DX. Versant Capital Management Inc raised its stake in Dynex Capital by 891.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 2,604 shares during the last quarter. KBC Group NV purchased a new position in Dynex Capital in the 2nd quarter valued at $42,000. Integrated Wealth Concepts LLC acquired a new stake in Dynex Capital during the 2nd quarter worth $42,000. IMG Wealth Management Inc. boosted its stake in Dynex Capital by 55.9% during the 1st quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 1,222 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 93.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,638 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 3,205 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company's stock.

More Dynex Capital News

Here are the key news stories impacting Dynex Capital this week:

• Positive Sentiment: Stable funding and limited refinancing activity allowed Dynex to maintain attractive investment spreads without relying on near-term interest-rate cuts, a potentially favorable factor for long-term earnings. Dynex: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Net interest income rose to $101.6 million from $93.8 million in the second quarter. Dynex also raised $384 million of capital, expanded its Agency mortgage-backed securities portfolio to approximately $28.3 billion and maintained $1.3 billion of liquidity. Dynex Capital Posts Third-Quarter Results
• Positive Sentiment: The company declared a quarterly dividend of $0.51 per common share, supporting the stock’s income appeal despite the quarter’s market-value losses. Dynex Capital Announces Third-Quarter Results
• Negative Sentiment: Dynex reported a third-quarter net loss of $335.5 million, or $1.34 per share, while adjusted quarterly EPS of $0.38 missed the $0.39 analyst consensus. Dynex Capital Q3 2026 Loss Deepens, Misses Estimates
• Negative Sentiment: Wider Agency MBS spreads reduced the fair value of the investment portfolio. Book value per share fell to $10.91 from $12.90, and total economic return was negative $1.48 per share, or negative 11.5% of beginning book value. Dynex Trades Lower as Q3 Results Disappoint
• Negative Sentiment: Leverage, including TBAs, increased to 9.0 times shareholders’ equity from 8.1 times, raising risk concerns as the company expands its portfolio amid volatile MBS valuations. Dynex Capital Reports a Loss

Dynex Capital Company Profile

Dynex Capital, Inc NYSE: DX is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.

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