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

Dynex Capital (NYSE:DX) had its target price dropped by investment analysts at Keefe, Bruyette & Woods from $13.50 to $12.25 in a report released on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 3.07% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Jonestrading reiterated a “buy” rating and issued a $14.00 price objective on shares of Dynex Capital in a report on Monday. Compass Point started coverage on Dynex Capital in a research report on Friday, April 12th. They issued a “buy” rating and a $14.50 target price on the stock. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, April 18th. Finally, StockNews.com upgraded shares of Dynex Capital to a “sell” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Dynex Capital presently has a consensus rating of “Hold” and a consensus target price of $13.31.

Dynex Capital Stock Up 0.5 %

Dynex Capital stock opened at $11.89 on Tuesday. Dynex Capital has a 1-year low of $9.57 and a 1-year high of $13.56. The business has a fifty day moving average price of $12.19 and a 200-day moving average price of $11.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $702.76 million, a price-to-earnings ratio of 10.16 and a beta of 1.33.

Dynex Capital (NYSE:DX) last issued its 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 net margin of 30.50% and a negative return on equity of 7.51%. The firm had revenue of $71.19 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Dynex Capital in the third quarter valued at $132,000. Bank of New York Mellon Corp boosted its position in Dynex Capital by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 189,024 shares of the real estate investment trust’s stock worth $2,257,000 after purchasing an additional 7,054 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Dynex Capital by 2.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 610,116 shares of the real estate investment trust’s stock worth $7,285,000 after buying an additional 13,079 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Dynex Capital by 21.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,595 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 5,310 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Dynex Capital by 6.7% during 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 acquiring an additional 98,990 shares in the last quarter. 38.34% of the stock is currently 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.