Dynex Capital (NYSE:DX) PT Lowered to $12.25 at Keefe, Bruyette & Woods

Dynex Capital (NYSE:DX) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $13.50 to $12.25 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 6.85% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com upgraded Dynex Capital to a “sell” rating in a report on Tuesday, December 26th. Jonestrading restated a “buy” rating and set a $14.00 price target on shares of Dynex Capital in a report on Monday. Compass Point assumed coverage on Dynex Capital in a report on Friday, April 12th. They set a “buy” rating and a $14.50 price target for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.31.

Dynex Capital Stock Down 2.1 %

Shares of DX opened at $11.47 on Tuesday. The firm has a market cap of $677.93 million, a P/E ratio of -40.94 and a beta of 1.33. The stock has a 50 day simple moving average of $12.20 and a two-hundred day simple moving average of $11.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 1.16. Dynex Capital has a 1 year low of $9.57 and a 1 year high of $13.56.

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

Institutional Trading of Dynex Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kovack Advisors Inc. boosted its position in shares of Dynex Capital by 7.2% during the first quarter. Kovack Advisors Inc. now owns 16,978 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 1,135 shares during the last quarter. Cambridge Advisors Inc. boosted its position in shares of Dynex Capital by 5.9% during the first quarter. Cambridge Advisors Inc. now owns 18,000 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 1,000 shares during the last quarter. Westend Capital Management LLC bought a new position in shares of Dynex Capital during the first quarter worth $35,000. Tower Research Capital LLC TRC boosted its position in shares of Dynex Capital by 14.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,378 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Dynex Capital during the fourth quarter worth $903,000. 38.34% of the stock is 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.