Dynex Capital (NYSE:DX) Price Target Raised to $13.00

Dynex Capital (NYSE:DX - Get Free Report) had its target price boosted by analysts at Keefe, Bruyette & Woods from $12.50 to $13.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 1.12% from the stock's previous close.

Several other analysts also recently weighed in on DX. Jones Trading lowered their price objective 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. Wall Street Zen downgraded Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th.

Dynex Capital Stock Performance

DX traded down $0.00 during midday trading on Thursday, hitting $12.86. The stock had a trading volume of 650,057 shares, compared to its average volume of 2,692,778. The company has a market cap of $1.38 billion, a P/E ratio of 16.71 and a beta of 0.92. The business has a fifty day moving average of $12.27 and a 200 day moving average of $12.72. Dynex Capital has a 1 year low of $10.79 and a 1 year high of $14.52.

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

Hedge Funds Weigh In On Dynex Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in DX. Sterling Capital Management LLC lifted its stake 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 worth $31,000 after acquiring an additional 2,223 shares during the period. Amalgamated Bank lifted its stake 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 worth $38,000 after acquiring an additional 973 shares during the period. CWM LLC lifted its stake 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 worth $41,000 after acquiring an additional 2,306 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Dynex Capital in the fourth quarter worth $43,000. Finally, PNC Financial Services Group Inc. lifted its stake 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 worth $46,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 38.34% 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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