Dynex Capital (NYSE:DX) Stock Price Expected to Rise, Jones Trading Analyst Says

Dynex Capital (NYSE:DX - Get Free Report) had its price target increased by research analysts at Jones Trading from $12.50 to $13.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Jones Trading's price objective points to a potential upside of 3.79% from the company's current price.

Other analysts have also recently issued research reports about the company. UBS Group reaffirmed a "neutral" rating and issued a $12.50 price target (up previously from $11.00) on shares of Dynex Capital in a research report on Thursday, July 10th. Keefe, Bruyette & Woods raised their price objective on shares of Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, Wall Street Zen downgraded shares of Dynex Capital from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dynex Capital currently has a consensus rating of "Hold" and an average target price of $12.83.

Dynex Capital Price Performance

DX stock traded down $0.01 on Monday, reaching $12.53. 6,402,703 shares of the company were exchanged, compared to its average volume of 2,768,157. The firm has a market capitalization of $1.34 billion, a PE ratio of 16.27 and a beta of 0.92. The stock's fifty day moving average price is $12.32 and its 200 day moving average price is $12.72. Dynex Capital has a 12 month low of $10.79 and a 12 month high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.27). The firm had revenue of $23.13 million during the quarter, compared to the consensus estimate of $21.20 million. Dynex Capital had a return on equity of 1.59% and a net margin of 20.61%. As a group, research analysts expect that Dynex Capital will post 1.94 EPS for the current fiscal year.

Institutional Trading of Dynex Capital

A number of large investors have recently made changes to their positions in the company. Sterling Capital Management LLC grew its stake in Dynex Capital by 838.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,488 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,223 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Dynex Capital by 50.5% in the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 973 shares in the last quarter. CWM LLC raised its position in shares of 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 buying an additional 2,306 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Dynex Capital during the 4th quarter valued at about $43,000. Finally, PNC Financial Services Group Inc. boosted its stake in Dynex Capital by 87.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,700 shares during the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

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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