Dynex Capital’s (DX) “Buy” Rating Reaffirmed at Ladenburg Thalmann Financial Services

Dynex Capital, Inc. (NYSE:DX)‘s stock had its “buy” rating restated by research analysts at Ladenburg Thalmann Financial Services in a note issued to investors on Tuesday. They currently have a $7.50 price target on the real estate investment trust’s stock. Ladenburg Thalmann Financial Services’ target price indicates a potential upside of 4.90% from the company’s current price.

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Dynex Capital from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.25 price objective on shares of Dynex Capital in a report on Friday. Finally, Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.38.

Shares of Dynex Capital (DX) traded up 0.70% during mid-day trading on Tuesday, reaching $7.20. 298,050 shares of the company’s stock were exchanged. Dynex Capital has a 1-year low of $6.49 and a 1-year high of $7.41. The company’s 50 day moving average is $7.16 and its 200 day moving average is $7.01. The stock has a market capitalization of $354.48 million, a PE ratio of 4.68 and a beta of 0.84.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $14.26 million. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Dynex Capital will post $0.72 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Family Management Corp purchased a new position in shares of Dynex Capital in the first quarter worth about $109,000. Bank of America Corp DE lifted its stake in shares of Dynex Capital by 34.5% in the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 4,002 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Dynex Capital by 3.5% in the first quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 563 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Dynex Capital by 16.5% in the second quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,500 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in shares of Dynex Capital by 10.4% in the second quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investmen

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Dynex Capital from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $7.25 price objective on shares of Dynex Capital in a report on Friday. Finally, Zacks Investment Research raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.38.

Shares of Dynex Capital (DX) traded up 0.70% during mid-day trading on Tuesday, reaching $7.20. 298,050 shares of the company’s stock were exchanged. Dynex Capital has a 1-year low of $6.49 and a 1-year high of $7.41. The company’s 50 day moving average is $7.16 and its 200 day moving average is $7.01. The stock has a market capitalization of $354.48 million, a PE ratio of 4.68 and a beta of 0.84.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $14.26 million. Dynex Capital had a net margin of 93.54% and a return on equity of 11.04%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Dynex Capital will post $0.72 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/dynex-capitals-dx-buy-rating-reaffirmed-at-ladenburg-thalmann-financial-services.html.

Large investors have recently bought and sold shares of the company. Family Management Corp purchased a new position in shares of Dynex Capital in the first quarter worth about $109,000. Bank of America Corp DE lifted its stake in shares of Dynex Capital by 34.5% in the first quarter. Bank of America Corp DE now owns 15,598 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 4,002 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Dynex Capital by 3.5% in the first quarter. HighTower Advisors LLC now owns 16,723 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 563 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Dynex Capital by 16.5% in the second quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,500 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in shares of Dynex Capital by 10.4% in the second quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 1,970 shares in the last quarter. 44.41% of the stock is currently owned by hedge funds and other institutional investors.

About Dynex Capital

Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.

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