Dynex Capital (DX) Upgraded to Hold at ValuEngine

Dynex Capital (NYSE:DX) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday.

DX has been the topic of several other research reports. TheStreet upgraded shares of Dynex Capital from a “d+” rating to a “c” rating in a research report on Thursday, November 1st. Keefe, Bruyette & Woods set a $7.00 price target on shares of Dynex Capital and gave the stock a “hold” rating in a research report on Thursday, August 2nd.

Shares of Dynex Capital stock traded down $0.09 on Tuesday, hitting $5.96. 9,974 shares of the company traded hands, compared to its average volume of 358,581. The stock has a market cap of $358.73 million, a P/E ratio of 8.16 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.05 and a quick ratio of 0.05. Dynex Capital has a 52 week low of $5.76 and a 52 week high of $7.34.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $12.17 million for the quarter. Dynex Capital had a net margin of 105.23% and a return on equity of 13.92%. As a group, equities analysts expect that Dynex Capital will post 0.71 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Dynex Capital by 7.9% during the third quarter. BlackRock Inc. now owns 3,626,512 shares of the real estate investment trust’s stock valued at $23,136,000 after purchasing an additional 264,954 shares during the period. LSV Asset Management increased its position in shares of Dynex Capital by 1.1% during the 2nd quarter. LSV Asset Management now owns 1,730,788 shares of the real estate investment trust’s stock worth $11,302,000 after purchasing an additional 18,800 shares during the last quarter. Millennium Management LLC increased its position in shares of Dynex Capital by 7.0% during the 1st quarter. Millennium Management LLC now owns 992,401 shares of the real estate investment trust’s stock worth $6,580,000 after purchasing an additional 64,664 shares during the last quarter. Northern Trust Corp increased its position in shares of Dynex Capital by 6.0% during the 2nd quarter. Northern Trust Corp now owns 702,701 shares of the real estate investment trust’s stock worth $4,588,000 after purchasing an additional 39,700 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Dynex Capital by 14.4% during the 3rd quarter. Renaissance Technologies LLC now owns 623,454 shares of the real estate investment trust’s stock worth $3,978,000 after purchasing an additional 78,354 shares during the last quarter. 51.48% of the stock is owned by institutional investors.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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