Dynex Capital (NYSE:DX) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Dynex Capital (NYSE:DX – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Several other equities research analysts also recently issued reports on DX. Jonestrading increased their price objective on shares of Dynex Capital from $13.50 to $14.00 in a research report on Monday, December 19th. Credit Suisse Group upgraded shares of Dynex Capital from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $13.50 to $15.50 in a report on Monday, January 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Dynex Capital from $16.50 to $15.25 and set an “outperform” rating for the company in a report on Tuesday, January 31st.

Dynex Capital Stock Down 4.2 %

Shares of DX stock opened at $11.73 on Thursday. The firm has a fifty day moving average of $13.80 and a 200-day moving average of $13.27. Dynex Capital has a 12-month low of $10.60 and a 12-month high of $17.06. The company has a market capitalization of $631.54 million, a price-to-earnings ratio of 3.28 and a beta of 1.16.

Dynex Capital (NYSE:DX – Get Rating) last issued its quarterly earnings data on Monday, January 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.20). Dynex Capital had a return on equity of 6.99% and a net margin of 165.13%. The company had revenue of $30.53 million for the quarter. During the same period last year, the company earned $0.33 earnings per share. On average, equities analysts expect that Dynex Capital will post 1.05 EPS for the current year.

Insider Buying and Selling at Dynex Capital

In other news, CFO Robert S. Colligan purchased 8,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was purchased at an average price of $12.16 per share, for a total transaction of $97,280.00. Following the completion of the purchase, the chief financial officer now directly owns 40,416 shares in the company, valued at approximately $491,458.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Dynex Capital

Several large investors have recently modified their holdings of DX. State of Wyoming bought a new position in shares of Dynex Capital in the fourth quarter valued at about $30,000. SeaCrest Wealth Management LLC bought a new position in shares of Dynex Capital in the second quarter valued at about $32,000. Clear Street Markets LLC bought a new position in shares of Dynex Capital in the fourth quarter valued at about $39,000. PNC Financial Services Group Inc. raised its position in shares of Dynex Capital by 1,862.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,688 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 2,551 shares during the period. Finally, Amalgamated Bank raised its position in shares of Dynex Capital by 23.5% in the third quarter. Amalgamated Bank now owns 5,656 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,077 shares during the period. 40.86% of the stock is owned by institutional investors.

About Dynex Capital

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Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities.