Dynex Capital (NYSE:DX) Price Target Cut to $12.25 by Analysts at Keefe, Bruyette & Woods

Dynex Capital (NYSE:DX - Get Free Report) had its price objective lowered by equities researchers at Keefe, Bruyette & Woods from $13.50 to $12.25 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 3.55% from the stock's previous close.

DX has been the subject of several other reports. Compass Point began coverage on Dynex Capital in a report on Friday, April 12th. They issued a "buy" rating and a $14.50 price objective for the company. Jonestrading reissued a "buy" rating and issued a $14.00 price objective on shares of Dynex Capital in a report on Monday. JMP Securities reissued a "market perform" rating on shares of Dynex Capital in a report on Thursday, April 18th. Finally, StockNews.com raised Dynex Capital to a "sell" rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $13.31.

Dynex Capital Trading Up 3.2 %

NYSE:DX traded up $0.37 on Tuesday, reaching $11.83. 2,647,623 shares of the company's stock were exchanged, compared to its average volume of 1,281,272. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $699.51 million, a price-to-earnings ratio of -40.94 and a beta of 1.33. The business has a fifty day moving average of $12.20 and a 200-day moving average of $11.94. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.56.

Dynex Capital (NYSE:DX - Get Free Report) last released its 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 return on equity of 6.04% and a negative net margin of 2.95%. The firm had revenue of $71.19 million for the quarter.

Institutional Trading of Dynex Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in Dynex Capital by 1,341.0% during the 4th quarter. International Assets Investment Management LLC now owns 399,520 shares of the real estate investment trust's stock worth $5,002,000 after purchasing an additional 371,795 shares in the last quarter. Barclays PLC lifted its stake in shares of Dynex Capital by 334.3% in the 3rd quarter. Barclays PLC now owns 88,941 shares of the real estate investment trust's stock valued at $1,061,000 after purchasing an additional 68,464 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Dynex Capital by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust's stock valued at $34,849,000 after purchasing an additional 34,429 shares in the last quarter. Swiss National Bank lifted its stake in shares of Dynex Capital by 1.5% in the 3rd quarter. Swiss National Bank now owns 118,933 shares of the real estate investment trust's stock valued at $1,420,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Dynex Capital by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,580,457 shares of the real estate investment trust's stock valued at $18,871,000 after purchasing an additional 98,990 shares in 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.