Dynex Capital (NYSE:DX) Receives Buy Rating from Jones Trading

Key Points

• Dynex Capital's stock received a "buy" rating from Jones Trading, reaffirming a price target of $14.00, which suggests a potential upside of 5.14% from its current price.
• The company's quarterly earnings reported an EPS of $0.22, missing the consensus estimate, and revenue was $23.13 million, exceeding expectations of $21.20 million.
• Insiders, including CEO Smriti Laxman Popenoe and CFO Robert S. Colligan, recently purchased shares of Dynex Capital, indicating confidence in the company's prospects.

Dynex Capital (NYSE:DX - Get Free Report)'s stock had its "buy" rating reaffirmed by Jones Trading in a research note issued to investors on Monday,Benzinga reports. They currently have a $14.00 price objective on the real estate investment trust's stock. Jones Trading's target price would indicate a potential upside of 5.14% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods upped their price target on shares of Dynex Capital from $12.50 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. UBS Group set a $13.25 price target on shares of Dynex Capital and gave the company a "neutral" rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dynex Capital in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.42.

Dynex Capital Stock Performance

NYSE:DX traded down $0.07 during mid-day trading on Monday, reaching $13.32. The company's stock had a trading volume of 4,793,532 shares, compared to its average volume of 3,889,641. Dynex Capital has a 12-month low of $10.79 and a 12-month high of $14.52. The stock has a market cap of $1.73 billion, a P/E ratio of 17.07 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. The firm's fifty day moving average price is $12.59 and its two-hundred day moving average price is $12.37.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings results 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 net margin of 17.27% and a return on equity of 4.19%. The business had revenue of $23.13 million for the quarter, compared to analysts' expectations of $21.20 million. On average, equities analysts forecast that Dynex Capital will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Dynex Capital news, CEO Smriti Laxman Popenoe purchased 4,260 shares of the company's stock in a transaction on Friday, September 26th. The stock was acquired at an average cost of $12.16 per share, for a total transaction of $51,801.60. Following the purchase, the chief executive officer directly owned 407,338 shares of the company's stock, valued at $4,953,230.08. This trade represents a 1.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert S. Colligan purchased 4,200 shares of the company's stock in a transaction on Friday, September 26th. The stock was acquired at an average price of $12.12 per share, with a total value of $50,904.00. Following the completion of the purchase, the chief financial officer directly owned 120,857 shares in the company, valued at $1,464,786.84. This trade represents a 3.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DX. Private Wealth Management Group LLC bought a new position in Dynex Capital in the 3rd quarter worth approximately $36,000. Amalgamated Bank boosted its stake in Dynex Capital by 50.5% in the 1st 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 during the period. CWM LLC boosted its stake in Dynex Capital by 271.9% in the 1st quarter. CWM LLC now owns 3,154 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,306 shares during the period. Transce3nd LLC bought a new position in Dynex Capital in the 2nd quarter worth approximately $49,000. Finally, US Bancorp DE boosted its position in shares of Dynex Capital by 35.2% during the 1st 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.