UBS Group Forecasts Strong Price Appreciation for Dynex Capital (NYSE:DX) Stock

Dynex Capital (NYSE:DX - Get Free Report) had its price target boosted by equities research analysts at UBS Group from $11.00 to $12.50 in a report issued on Thursday, July 10th, Marketbeat.com reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price target points to a potential downside of 1.92% from the stock's current price.

DX has been the subject of a number of other research reports. Keefe, Bruyette & Woods upped their price target on Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Jones Trading reduced their price target on Dynex Capital from $13.25 to $12.50 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, Wall Street Zen downgraded Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dynex Capital has an average rating of "Hold" and an average target price of $12.83.

Dynex Capital Price Performance

Shares of DX stock opened at $12.75 on Thursday. The stock has a market cap of $1.37 billion, a PE ratio of 16.34 and a beta of 0.92. The stock has a 50-day moving average of $12.34 and a 200-day moving average of $12.72. Dynex Capital has a one year low of $10.79 and a one year high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). The company had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.20 million. Dynex Capital had a net margin of 17.27% and a return on equity of 4.53%. As a group, research analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current year.

Institutional Trading of Dynex Capital

Several hedge funds and other institutional investors have recently made changes to their positions in DX. Sterling Capital Management LLC boosted its holdings in Dynex Capital by 838.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,223 shares during the last quarter. Amalgamated Bank boosted its holdings in Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 973 shares during the last quarter. CWM LLC boosted its holdings in Dynex Capital by 271.9% in the first quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 2,306 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Dynex Capital in the fourth quarter valued at approximately $43,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Dynex Capital by 87.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,700 shares during the last quarter. 38.34% of the stock is currently owned by institutional investors.

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.