ValuEngine Downgrades Dynex Capital (NYSE:DX) to Hold

Dynex Capital (NYSE:DX) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

A number of other research firms have also recently weighed in on DX. Zacks Investment Research upgraded Dynex Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 2nd. LADENBURG THALM/SH SH cut Dynex Capital from a “buy” rating to a “neutral” rating and set a $18.21 price target for the company. in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.82.

NYSE DX traded down $0.19 on Thursday, reaching $16.15. The company had a trading volume of 416,727 shares, compared to its average volume of 333,456. The firm has a market capitalization of $401.02 million, a price-to-earnings ratio of 7.37 and a beta of 0.61. Dynex Capital has a 1 year low of $15.78 and a 1 year high of $19.62. The firm’s 50-day moving average is $15.25.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The company had revenue of $12.94 million during the quarter. Dynex Capital had a positive return on equity of 12.95% and a negative net margin of 157.13%. Equities research analysts predict that Dynex Capital will post 2.04 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Whitener Capital Management Inc. purchased a new position in shares of Dynex Capital during the 2nd quarter valued at approximately $33,000. Parallel Advisors LLC boosted its stake in shares of Dynex Capital by 268.5% during the 1st quarter. Parallel Advisors LLC now owns 5,240 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 3,818 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Dynex Capital during the 1st quarter valued at approximately $33,000. Joseph P. Lucia & Associates LLC purchased a new position in shares of Dynex Capital during the 1st quarter valued at approximately $1,350,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Dynex Capital by 130.0% during the 1st quarter. Meeder Asset Management Inc. now owns 8,943 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,054 shares during the last quarter.

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.

Read More: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.