Dynex Capital's (DX) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Dynex Capital's stock has a "hold (C-)" rating from Weiss Ratings, with an average consensus target price of $13.08.
• Recent reports from Keefe, Bruyette & Woods and Jones Trading increased the price objective for Dynex Capital to $13.00 and assigned an "outperform" and "buy" rating, respectively.
• Insider purchases by CFO and CEO exhibit confidence, with significant shares bought at around $12.12 and $12.16 per share, respectively.

Dynex Capital (NYSE:DX - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

DX has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Jones Trading raised their price objective on Dynex Capital from $12.50 to $13.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, UBS Group set a $13.25 price objective on Dynex Capital and gave the stock a "neutral" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.08.

Dynex Capital Stock Performance

Shares of NYSE DX traded up $0.19 during trading hours on Wednesday, reaching $13.08. 4,929,078 shares of the stock were exchanged, compared to its average volume of 5,577,575. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 1.30. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52. The stock's fifty day simple moving average is $12.49 and its 200 day simple moving average is $12.38.

Dynex Capital (NYSE:DX - Get Free Report) last announced 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). 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 the consensus estimate of $21.20 million. Sell-side analysts predict that Dynex Capital will post 1.94 EPS for the current year.

Insider Buying and Selling at Dynex Capital

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

Institutional Investors Weigh In On Dynex Capital

Several hedge funds have recently modified their holdings of the company. Sheets Smith Investment Management acquired a new stake in shares of Dynex Capital during the 3rd quarter valued at $337,000. Osaic Holdings Inc. boosted its holdings in shares of Dynex Capital by 36.1% during the 2nd quarter. Osaic Holdings Inc. now owns 22,529 shares of the real estate investment trust's stock valued at $275,000 after acquiring an additional 5,974 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Dynex Capital during the 2nd quarter worth about $644,000. CANADA LIFE ASSURANCE Co lifted its holdings in Dynex Capital by 18.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 48,029 shares of the real estate investment trust's stock worth $588,000 after buying an additional 7,402 shares during the period. Finally, Vident Advisory LLC acquired a new position in Dynex Capital during the 2nd quarter worth about $235,000. Institutional investors and hedge funds own 38.34% of the company's stock.

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.

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