Dynex Capital (NYSE:DX) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Dynex Capital (NYSE:DX) had its price target boosted by Keefe, Bruyette & Woods from $14.00 to $14.50 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 5.88% from the stock’s previous close.

A number of other equities analysts have also recently commented on DX. Jones Trading reaffirmed a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a report on Monday, October 20th. UBS Group set a $13.25 price objective on shares of Dynex Capital and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dynex Capital in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.92.

Dynex Capital Stock Up 0.3%

Dynex Capital stock opened at $13.70 on Thursday. The company has a market capitalization of $2.01 billion, a P/E ratio of 9.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.19. Dynex Capital has a fifty-two week low of $10.79 and a fifty-two week high of $14.52. The stock has a 50-day simple moving average of $13.53 and a 200-day simple moving average of $12.83.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%.The firm had revenue of $421.91 million for the quarter, compared to analysts’ expectations of $32.06 million. Equities research analysts expect that Dynex Capital will post 1.94 earnings per share for the current year.

Insider Activity

In other news, CEO Smriti Laxman Popenoe bought 4,260 shares of the stock in a transaction dated Friday, September 26th. The shares were acquired at an average price of $12.16 per share, with a total value of $51,801.60. Following the completion of the acquisition, the chief executive officer directly owned 407,338 shares in the company, valued at approximately $4,953,230.08. The trade was a 1.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert S. Colligan purchased 4,200 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were purchased at an average cost of $12.12 per share, with a total value of $50,904.00. Following the completion of the acquisition, the chief financial officer directly owned 120,857 shares of the company’s stock, valued at $1,464,786.84. This represents a 3.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by insiders.

Institutional Trading of Dynex Capital

A number of institutional investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC lifted its holdings in Dynex Capital by 130,013.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,144,836 shares of the real estate investment trust’s stock valued at $242,772,000 after acquiring an additional 19,130,122 shares during the period. Millennium Management LLC lifted its stake in shares of Dynex Capital by 311.4% in the first quarter. Millennium Management LLC now owns 3,276,781 shares of the real estate investment trust’s stock valued at $42,664,000 after purchasing an additional 2,480,330 shares during the period. Vanguard Group Inc. boosted its holdings in Dynex Capital by 21.3% during the third quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock worth $92,345,000 after buying an additional 1,318,236 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Dynex Capital by 184.2% during the third quarter. Balyasny Asset Management L.P. now owns 1,137,900 shares of the real estate investment trust’s stock worth $13,985,000 after buying an additional 737,561 shares during the period. Finally, EMG Holdings L.P. acquired a new position in Dynex Capital during the third quarter worth about $8,550,000. 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.