JonesTrading Issues Pessimistic Forecast for Dynex Capital (NYSE:DX) Stock Price

Dynex Capital (NYSE:DX) had its target price cut by equities research analysts at JonesTrading from $14.75 to $12.50 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. JonesTrading’s price target points to a potential upside of 18.25% from the company’s previous close.

A number of other research analysts have also recently commented on DX. BTIG Research set a $12.00 price objective on Dynex Capital and gave the company a “buy” rating in a report on Tuesday, October 6th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dynex Capital in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Dynex Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dynex Capital currently has a consensus rating of “Hold” and an average target price of $13.38.

Dynex Capital Trading Down 3.3%

NYSE:DX traded down $0.36 during trading hours on Monday, hitting $10.57. The company had a trading volume of 11,729,819 shares, compared to its average volume of 6,037,363. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $12.15 and a 200 day moving average of $12.75. The company has a market cap of $2.62 billion, a P/E ratio of 4.02 and a beta of 0.98. Dynex Capital has a 1 year low of $10.31 and a 1 year high of $14.93.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Insider Buying and Selling at Dynex Capital

In related news, CIO John Jr acquired 2,500 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $11.18 per share, with a total value of $27,950.00. Following the completion of the transaction, the executive owned 58,695 shares of the company’s stock, valued at $656,210.10. The trade was a 4.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Dynex Capital

A number of large investors have recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of Dynex Capital by 891.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,604 shares during the last quarter. KBC Group NV acquired a new stake in Dynex Capital during the 2nd quarter worth $42,000. Integrated Wealth Concepts LLC acquired a new stake in Dynex Capital during the 2nd quarter worth $42,000. IMG Wealth Management Inc. increased its position in Dynex Capital by 55.9% during the first quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,222 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Dynex Capital by 93.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,638 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 3,205 shares during the last quarter. 38.34% of the stock is owned by hedge funds and other institutional investors.

Key Dynex Capital News

Here are the key news stories impacting Dynex Capital this week:

• Positive Sentiment: Stable funding and limited refinancing activity allowed Dynex to maintain attractive investment spreads without relying on near-term interest-rate cuts, a potentially favorable factor for long-term earnings. Dynex: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Net interest income rose to $101.6 million from $93.8 million in the second quarter. Dynex also raised $384 million of capital, expanded its Agency mortgage-backed securities portfolio to approximately $28.3 billion and maintained $1.3 billion of liquidity. Dynex Capital Posts Third-Quarter Results
• Positive Sentiment: The company declared a quarterly dividend of $0.51 per common share, supporting the stock’s income appeal despite the quarter’s market-value losses. Dynex Capital Announces Third-Quarter Results
• Negative Sentiment: Dynex reported a third-quarter net loss of $335.5 million, or $1.34 per share, while adjusted quarterly EPS of $0.38 missed the $0.39 analyst consensus. Dynex Capital Q3 2026 Loss Deepens, Misses Estimates
• Negative Sentiment: Wider Agency MBS spreads reduced the fair value of the investment portfolio. Book value per share fell to $10.91 from $12.90, and total economic return was negative $1.48 per share, or negative 11.5% of beginning book value. Dynex Trades Lower as Q3 Results Disappoint
• Negative Sentiment: Leverage, including TBAs, increased to 9.0 times shareholders’ equity from 8.1 times, raising risk concerns as the company expands its portfolio amid volatile MBS valuations. Dynex Capital Reports a Loss

Dynex Capital Company Profile

Dynex Capital, Inc (NYSE: DX) is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.