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

Key Points

• UBS Group raised Dynex Capital's target price from $12.50 to $13.00, indicating a potential upside of 3.54% from its current price, while maintaining a "neutral" rating on the stock.
• Dynex Capital reported earnings of $0.22 EPS for the last quarter, missing estimates of $0.49, despite revenue exceeding expectations at $23.13 million.
• Hedge funds have increased their positions in Dynex Capital significantly, with CWM LLC raising its holdings by 271.9% in the first quarter alone.

Dynex Capital (NYSE:DX - Get Free Report) had its target price raised by stock analysts at UBS Group from $12.50 to $13.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price target points to a potential upside of 3.54% from the stock's current price.

A number of other research analysts also recently issued reports on DX. Keefe, Bruyette & Woods lifted their price target on Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Jones Trading lifted their price target on Dynex Capital from $12.50 to $13.00 and gave the company a "buy" rating in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Dynex Capital currently has an average rating of "Moderate Buy" and an average target price of $13.00.

Dynex Capital Trading Up 0.9%

DX opened at $12.56 on Wednesday. The stock's fifty day moving average is $12.53 and its two-hundred day moving average is $12.64. The company has a market capitalization of $1.63 billion, a P/E ratio of 16.03 and a beta of 0.93. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.27). Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%.The firm had revenue of $23.13 million for the quarter, compared to analysts' expectations of $21.20 million. Analysts forecast that Dynex Capital will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On Dynex Capital

Hedge funds have recently bought and sold shares of the business. Amalgamated Bank boosted its position in Dynex Capital by 50.5% during the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 973 shares in the last quarter. CWM LLC raised its holdings in shares of Dynex Capital by 271.9% during 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. Transce3nd LLC acquired a new position in shares of Dynex Capital during the second quarter valued at approximately $49,000. US Bancorp DE raised its holdings in shares of Dynex Capital by 35.2% during the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Dynex Capital by 452.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,204 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 5,901 shares during the last quarter. Hedge funds and other 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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