Dynex Capital (NYSE:DX) Upgraded to Hold by Zacks Investment Research

Dynex Capital (NYSE:DX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Currently, the Company’s primary production operations include the origination of mortgage loans secured by multi-family properties and the origination of loans secured by manufactured homes. The Company has recently expanded its production activities to include commercial real estate loans and may expand into other financial products in the future. “

Separately, ValuEngine lowered shares of Dynex Capital from a “sell” rating to a “strong sell” rating in a report on Friday, July 3rd.

Shares of DX stock opened at $13.93 on Tuesday. The firm has a market cap of $317.35 million, a price-to-earnings ratio of -1.55 and a beta of 1.33. Dynex Capital has a 52 week low of $7.04 and a 52 week high of $20.34. The firm’s 50-day simple moving average is $13.85 and its two-hundred day simple moving average is $15.07.

Dynex Capital (NYSE:DX) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $17.72 million during the quarter. Dynex Capital had a positive return on equity of 14.39% and a negative net margin of 118.97%. As a group, analysts expect that Dynex Capital will post 1.3 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can purchased a new stake in Dynex Capital during the 4th quarter valued at approximately $28,000. Tower Research Capital LLC TRC grew its holdings in shares of Dynex Capital by 1,659.2% in the first quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 3,418 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Dynex Capital by 19.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,920 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 1,117 shares during the period. KBC Group NV purchased a new position in Dynex Capital during the first quarter worth $132,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Dynex Capital during the first quarter worth $133,000. Institutional investors and hedge funds own 52.46% of the company’s stock.

Dynex Capital Company Profile

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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