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

by · The Cerbat Gem

Equities research analysts at Compass Point assumed coverage on shares of Dynex Capital (NYSE:DX – Get Free Report) in a report released on Friday, Marketbeat reports. The firm set a “buy” rating and a $14.50 price target on the real estate investment trust’s stock. Compass Point’s price objective would suggest a potential upside of 23.61% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Jonestrading lifted their price objective on shares of Dynex Capital from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. StockNews.com raised shares of Dynex Capital to a “sell” rating in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.63.

Read Our Latest Stock Report on DX

Dynex Capital Stock Up 0.4 %

DX opened at $11.73 on Friday. Dynex Capital has a fifty-two week low of $9.57 and a fifty-two week 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 has a fifty day moving average of $12.28 and a two-hundred day moving average of $11.94. The stock has a market capitalization of $693.59 million, a price-to-earnings ratio of -41.89 and a beta of 1.33.

Dynex Capital (NYSE:DX – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $71.19 million during the quarter.

Institutional Trading of Dynex Capital

Several institutional investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC boosted its position in Dynex Capital by 2,294.0% during the first quarter. Schonfeld Strategic Advisors LLC now owns 1,120,380 shares of the real estate investment trust’s stock worth $13,579,000 after acquiring an additional 1,073,580 shares during the last quarter. Millennium Management LLC acquired a new position in Dynex Capital during the second quarter worth about $15,107,000. Balyasny Asset Management LLC boosted its holdings in Dynex Capital by 105.9% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust’s stock valued at $17,014,000 after purchasing an additional 751,053 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Dynex Capital by 84.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,127,014 shares of the real estate investment trust’s stock valued at $14,110,000 after purchasing an additional 516,898 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Dynex Capital by 3,181.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 492,581 shares of the real estate investment trust’s stock valued at $7,842,000 after purchasing an additional 477,569 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

About Dynex Capital

(Get Free Report)

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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