Dynex Capital (NYSE:DX – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.
Other equities research analysts have also recently issued reports about the company. Compass Point began coverage on Dynex Capital in a report on Friday, April 12th. They set a “buy” rating and a $14.50 target price for the company. Janney Montgomery Scott assumed coverage on Dynex Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $13.50 price objective for the company. Jonestrading reaffirmed a “buy” rating and issued a $14.00 target price on shares of Dynex Capital in a research note on Monday, April 22nd. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Dynex Capital from $13.50 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.35.
Get Our Latest Analysis on Dynex Capital
Dynex Capital Price Performance
Institutional Investors Weigh In On Dynex Capital
Institutional investors and hedge funds have recently made changes to their positions in the company. Jump Financial LLC purchased a new position in Dynex Capital in the 4th quarter worth about $903,000. International Assets Investment Management LLC grew its stake in shares of Dynex Capital by 1,341.0% during the 4th quarter. International Assets Investment Management LLC now owns 399,520 shares of the real estate investment trust’s stock valued at $5,002,000 after purchasing an additional 371,795 shares during the period. Vanguard Group Inc. grew its position in Dynex Capital by 1.2% during the third quarter. Vanguard Group Inc. now owns 2,918,660 shares of the real estate investment trust’s stock valued at $34,849,000 after buying an additional 34,429 shares during the period. Van ECK Associates Corp increased its stake in shares of Dynex Capital by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 404,037 shares of the real estate investment trust’s stock worth $5,059,000 after purchasing an additional 24,210 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Dynex Capital by 191.1% during the fourth quarter. SG Americas Securities LLC now owns 32,136 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 21,097 shares during the period. Institutional investors own 38.34% of the company’s stock.
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.
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