Dynex Capital (NYSE:DX) Stock Rating Upgraded by StockNews.com

Dynex Capital (NYSE:DX) 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.

Dynex Capital Price Performance

Shares of NYSE DX traded up $0.13 during trading hours on Tuesday, reaching $12.45. 2,520,810 shares of the stock traded hands, compared to its average volume of 1,381,846. The company’s 50-day simple moving average is $12.10 and its two-hundred day simple moving average is $12.20. The company has a market capitalization of $799.41 million, a P/E ratio of 10.64 and a beta of 1.34. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.56. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.

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.