Compass Point Initiates Coverage on Dynex Capital (NYSE:DX)

Analysts at Compass Point assumed coverage on shares of Dynex Capital (NYSE:DX) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $14.50 price target on the real estate investment trust’s stock. Compass Point’s price target points to a potential upside of 22.99% from the company’s current price.

DX has been the subject of a number of other reports. StockNews.com raised Dynex Capital to a “sell” rating in a research note on Tuesday, December 26th. Jonestrading raised their price objective on Dynex Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.63.

Dynex Capital Stock Up 0.5 %

Shares of DX opened at $11.79 on Friday. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.56. The company has a market capitalization of $697.14 million, a PE ratio of -42.11 and a beta of 1.33. The stock has a fifty day simple moving average of $12.26 and a two-hundred day simple moving average of $11.94. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.06.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 29th. The real estate investment trust reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). Dynex Capital had a negative return on equity of 6.04% and a negative net margin of 2.95%. The company had revenue of $71.19 million during the quarter.

Hedge Funds Weigh In On Dynex Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC boosted its stake in shares of Dynex Capital by 2,294.0% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 1,120,380 shares of the real estate investment trust’s stock valued at $13,579,000 after buying an additional 1,073,580 shares during the period. Millennium Management LLC acquired a new stake in shares of Dynex Capital during the 2nd quarter worth about $15,107,000. Balyasny Asset Management LLC raised its position in shares of Dynex Capital by 105.9% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,460,433 shares of the real estate investment trust’s stock worth $17,014,000 after acquiring an additional 751,053 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Dynex Capital by 84.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,127,014 shares of the real estate investment trust’s stock worth $14,110,000 after acquiring an additional 516,898 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Dynex Capital by 3,181.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 492,581 shares of the real estate investment trust’s stock worth $7,842,000 after acquiring an additional 477,569 shares in the last quarter. 38.34% of the stock is currently owned by hedge funds and other institutional investors.

About Dynex Capital

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.