Dynex Capital’s (DX) Buy Rating Reaffirmed at Jonestrading

Dynex Capital (NYSE:DX)‘s stock had its “buy” rating restated by stock analysts at Jonestrading in a report released on Monday, Benzinga reports. They presently have a $14.00 target price on the real estate investment trust’s stock. Jonestrading’s target price would indicate a potential upside of 18.34% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Compass Point initiated coverage on shares of Dynex Capital in a research report on Friday, April 12th. They set a “buy” rating and a $14.50 price target on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Thursday, April 18th. Finally, StockNews.com upgraded shares of Dynex Capital to a “sell” rating in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.31.

Dynex Capital Price Performance

NYSE:DX opened at $11.83 on Monday. Dynex Capital has a 52 week low of $9.57 and a 52 week high of $13.56. The firm has a market cap of $699.51 million, a price-to-earnings ratio of -42.25 and a beta of 1.33. The firm’s 50-day simple moving average is $12.20 and its 200 day simple moving average is $11.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.16.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) EPS 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 business had revenue of $71.19 million for the quarter.

Institutional Investors Weigh In On Dynex Capital

A number of hedge funds have recently made changes to their positions in DX. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Dynex Capital by 1,341.0% in the 4th quarter. International Assets Investment Management LLC now owns 399,520 shares of the real estate investment trust’s stock valued at $5,002,000 after purchasing an additional 371,795 shares in the last quarter. Victory Capital Management Inc. boosted 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. Dark Forest Capital Management LP boosted its stake in shares of Dynex Capital by 108.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 148,682 shares of the real estate investment trust’s stock valued at $1,775,000 after purchasing an additional 77,320 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Dynex Capital in the 4th quarter valued at approximately $903,000. 38.34% of the stock is currently owned by institutional investors and hedge funds.

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.