Dynex Capital (NYSE:DX) Price Target Raised to $12.50 at UBS Group

Dynex Capital (NYSE:DX - Get Free Report) had its target price lifted by research analysts at UBS Group from $11.00 to $12.50 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price target indicates a potential downside of 2.69% from the stock's previous close.

A number of other brokerages have also weighed in on DX. Keefe, Bruyette & Woods raised their price objective on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a report on Thursday. Jones Trading cut their target price on Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen lowered 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 given a buy rating to the company's stock. According to data from MarketBeat.com, Dynex Capital presently has an average rating of "Hold" and an average target price of $12.67.

Dynex Capital Trading Down 0.1%

Shares of NYSE DX traded down $0.02 during trading hours on Thursday, hitting $12.85. 3,160,317 shares of the company traded hands, compared to its average volume of 2,702,493. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.68 and a beta of 0.92. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.52. The company's 50 day moving average price is $12.27 and its 200 day moving average price is $12.72.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. Dynex Capital had a net margin of 20.61% and a return on equity of 1.59%. The company had revenue of $17.13 million during the quarter, compared to analyst estimates of $11.41 million. Equities analysts anticipate that Dynex Capital will post 1.94 EPS for the current year.

Institutional Trading of Dynex Capital

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Dynex Capital in the second quarter worth about $300,000. Rhumbline Advisers increased its holdings in Dynex Capital by 1.6% in the first quarter. Rhumbline Advisers now owns 109,285 shares of the real estate investment trust's stock worth $1,423,000 after buying an additional 1,715 shares during the last quarter. Strs Ohio acquired a new position in Dynex Capital during the first quarter valued at approximately $204,000. Goldman Sachs Group Inc. increased its position in Dynex Capital by 86.7% during the first quarter. Goldman Sachs Group Inc. now owns 804,419 shares of the real estate investment trust's stock worth $10,474,000 after acquiring an additional 373,610 shares during the period. Finally, Millennium Management LLC boosted its stake in Dynex Capital by 311.4% during the first quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust's stock worth $42,664,000 after buying an additional 2,480,330 shares in the last quarter. Hedge funds and other institutional investors own 38.34% of the company's stock.

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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