Dynex Capital (NYSE:DX) Now Covered by Compass Point

Investment analysts at Compass Point began coverage on shares of Dynex Capital (NYSE:DX - Get Free Report) in a note issued to investors on Friday, MarketBeat reports. The brokerage set a "buy" rating and a $14.50 price target on the real estate investment trust's stock. Compass Point's target price would suggest a potential upside of 22.93% from the company's current price.

DX has been the subject of several other reports. Jonestrading raised their price objective on Dynex Capital from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. StockNews.com upgraded shares of Dynex Capital to a "sell" rating in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Dynex Capital presently has a consensus rating of "Hold" and an average target price of $13.63.

Dynex Capital Price Performance

Shares of DX stock traded up $0.06 during mid-day trading on Friday, hitting $11.80. 1,364,107 shares of the stock traded hands, compared to its average volume of 1,238,585. Dynex Capital has a twelve month low of $9.57 and a twelve month high of $13.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.16. The company's 50-day simple moving average is $12.28 and its 200-day simple moving average is $11.94. The firm has a market cap of $697.44 million, a price-to-earnings ratio of -41.89 and a beta of 1.33.

Dynex Capital (NYSE:DX - Get Free Report) last issued its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative net margin of 2.95% and a negative return on equity of 6.04%. The business had revenue of $71.19 million during the quarter.

Institutional Trading of Dynex Capital

A number of institutional investors and hedge funds have recently made changes to their positions in DX. Westend Capital Management LLC bought a new stake in Dynex Capital during the first quarter valued at about $35,000. Vanguard Group Inc. boosted its stake in Dynex Capital by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 3,001,048 shares of the real estate investment trust's stock valued at $37,573,000 after purchasing an additional 82,388 shares during the period. American International Group Inc. grew its holdings in Dynex Capital by 4.1% in the 4th quarter. American International Group Inc. now owns 28,074 shares of the real estate investment trust's stock valued at $351,000 after buying an additional 1,104 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Dynex Capital by 15.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,125 shares of the real estate investment trust's stock worth $177,000 after buying an additional 1,919 shares during the period. Finally, O Dell Group LLC acquired a new position in shares of Dynex Capital during the fourth quarter worth approximately $25,000. 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.