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.
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
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.
- Get a free copy of the StockNews.com research report on Dynex Capital (DX)
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