Dynex Capital (DX) Rating Increased to Strong-Buy at ValuEngine
Dynex Capital (NYSE:DX) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Thursday.
DX has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Dynex Capital in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $7.50.
Dynex Capital (NYSE:DX) traded up $0.05 during trading hours on Thursday, hitting $6.13. 248,941 shares of the stock traded hands, compared to its average volume of 407,398. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $342.25, a P/E ratio of 13.93 and a beta of 0.71. Dynex Capital has a one year low of $6.01 and a one year high of $7.41.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Dynex Capital by 0.9% in the 4th quarter. BlackRock Inc. now owns 2,988,047 shares of the real estate investment trust’s stock worth $20,946,000 after purchasing an additional 27,359 shares in the last quarter. Vanguard Group Inc. grew its position in Dynex Capital by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,120,969 shares of the real estate investment trust’s stock worth $15,059,000 after purchasing an additional 60,328 shares in the last quarter. LSV Asset Management grew its position in Dynex Capital by 3.1% in the 4th quarter. LSV Asset Management now owns 1,627,500 shares of the real estate investment trust’s stock worth $11,408,000 after purchasing an additional 49,700 shares in the last quarter. State Street Corp grew its position in Dynex Capital by 3.6% in the 2nd quarter. State Street Corp now owns 1,180,035 shares of the real estate investment trust’s stock worth $8,375,000 after purchasing an additional 41,475 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Dynex Capital by 27.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,027,906 shares of the real estate investment trust’s stock worth $7,206,000 after purchasing an additional 219,006 shares in the last quarter. 39.80% of the stock is owned by institutional investors and hedge funds.
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About Dynex Capital
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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