Dynex Capital (DX) Rating Increased to Strong-Buy at ValuEngine
ValuEngine upgraded shares of Dynex Capital (NYSE:DX) from a buy rating to a strong-buy rating in a research note published on Thursday morning.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Dynex Capital from a hold rating to a buy rating and set a $8.00 price objective for the company in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $7.00 price objective on shares of Dynex Capital in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $7.50.
Dynex Capital (DX) traded up $0.06 on Thursday, hitting $6.19. The stock had a trading volume of 34,907 shares, compared to its average volume of 380,086. Dynex Capital has a 1 year low of $6.01 and a 1 year high of $7.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $342.25, a PE ratio of 8.40 and a beta of 0.71.
A number of hedge funds have recently modified their holdings of DX. Alliancebernstein L.P. boosted its holdings in Dynex Capital by 48.0% during the 2nd quarter. Alliancebernstein L.P. now owns 42,250 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 13,700 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Dynex Capital by 1.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 183,575 shares of the real estate investment trust’s stock valued at $1,303,000 after acquiring an additional 3,391 shares during the period. Nationwide Fund Advisors boosted its holdings in Dynex Capital by 20.4% during the 2nd quarter. Nationwide Fund Advisors now owns 31,087 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 5,262 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Dynex Capital by 0.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 35,181 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 93 shares during the period. Finally, Northern Trust Corp boosted its holdings in Dynex Capital by 6.2% during the 2nd quarter. Northern Trust Corp now owns 619,365 shares of the real estate investment trust’s stock valued at $4,398,000 after acquiring an additional 35,886 shares during the period. Institutional investors own 53.33% of the company’s stock.
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Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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