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

Dynex Capital (NYSE:DX) had its price objective upped by stock analysts at Jones Trading from $12.50 to $13.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jones Trading’s price objective would suggest a potential upside of 2.08% from the company’s current price.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods upped their price objective on Dynex Capital from $12.50 to $13.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. UBS Group upped their price objective on Dynex Capital from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Thursday, July 10th. Finally, Wall Street Zen lowered Dynex Capital from a “hold” rating to a “sell” rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.83.

Dynex Capital Trading Up 1.6%

Shares of NYSE DX opened at $12.74 on Monday. Dynex Capital has a twelve month low of $10.79 and a twelve month high of $14.52. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 16.33 and a beta of 0.92. The business has a 50 day simple moving average of $12.32 and a 200-day simple moving average of $12.72.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.27). The company had revenue of $23.13 million for the quarter, compared to the consensus estimate of $21.20 million. Dynex Capital had a return on equity of 4.53% and a net margin of 17.27%. As a group, equities analysts predict that Dynex Capital will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On Dynex Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank lifted its holdings in Dynex Capital by 50.5% during the first quarter. Amalgamated Bank now owns 2,900 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 973 shares in the last quarter. Arizona State Retirement System raised its holdings in Dynex Capital by 4.9% during the first quarter. Arizona State Retirement System now owns 22,747 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 1,065 shares in the last quarter. US Bancorp DE raised its holdings in Dynex Capital by 35.2% during the first quarter. US Bancorp DE now owns 5,134 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,338 shares in the last quarter. BayBridge Capital Group LLC raised its holdings in Dynex Capital by 5.9% during the second quarter. BayBridge Capital Group LLC now owns 25,910 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 1,437 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Dynex Capital by 87.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,642 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,700 shares in the last quarter. 38.34% of the stock is owned by institutional investors and hedge funds.

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.