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

Dynex Capital (NYSE:DX - Get Free Report) had its price target lifted by analysts at UBS Group from $11.00 to $12.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price suggests a potential downside of 1.77% from the stock's current price.

Several other analysts have also commented on DX. Keefe, Bruyette & Woods lifted their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday. Jones Trading dropped their price target on shares of Dynex Capital from $13.25 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen cut shares of Dynex Capital from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.67.

Dynex Capital Stock Down 0.9%

Dynex Capital stock traded down $0.12 during midday trading on Thursday, hitting $12.73. 1,157,705 shares of the stock were exchanged, compared to its average volume of 3,498,654. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 16.53 and a beta of 0.92. Dynex Capital has a 52-week low of $10.79 and a 52-week high of $14.52. The business's 50-day moving average price is $12.28 and its 200-day moving average price is $12.72.

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

Institutional Trading of Dynex Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake in Dynex Capital by 130,013.1% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust's stock worth $242,772,000 after purchasing an additional 19,130,122 shares in the last quarter. Vanguard Group Inc. lifted its stake in Dynex Capital by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 4,643,291 shares of the real estate investment trust's stock worth $60,456,000 after purchasing an additional 325,891 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Dynex Capital by 311.4% in the 1st 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 during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Dynex Capital by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 2,036,371 shares of the real estate investment trust's stock worth $26,514,000 after buying an additional 8,262 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Dynex Capital by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,838,020 shares of the real estate investment trust's stock worth $23,256,000 after buying an additional 136,280 shares during the last quarter. 38.34% of the stock is currently owned by hedge funds and other 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.