TheStreet Downgrades Dynex Capital (DX) to D+

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Dynex Capital (NYSE:DX) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the stock. ValuEngine raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of Dynex Capital from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Wednesday, November 14th.

DX opened at $6.18 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.05 and a current ratio of 0.05. Dynex Capital has a 1-year low of $5.57 and a 1-year high of $6.82. The company has a market capitalization of $385.09 million, a price-to-earnings ratio of 8.47 and a beta of 0.61.

Dynex Capital (NYSE:DX) last released its earnings results on Thursday, February 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Dynex Capital had a return on equity of 14.06% and a net margin of 6.38%. The business had revenue of $12.96 million during the quarter. Sell-side analysts forecast that Dynex Capital will post 0.72 EPS for the current fiscal year.

In related news, CFO Stephen J. Benedetti bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was purchased at an average price of $5.90 per share, for a total transaction of $59,000.00. Following the acquisition, the chief financial officer now owns 277,387 shares of the company’s stock, valued at $1,636,583.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Byron L. Boston bought 17,000 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was bought at an average price of $5.90 per share, with a total value of $100,300.00. Following the acquisition, the chief executive officer now directly owns 611,545 shares in the company, valued at approximately $3,608,115.50. The disclosure for this purchase can be found here. Insiders purchased a total of 31,542 shares of company stock valued at $186,098 in the last quarter. 3.96% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Dynex Capital by 13.5% in the second quarter. BlackRock Inc. now owns 3,361,558 shares of the real estate investment trust’s stock worth $21,950,000 after acquiring an additional 399,714 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Dynex Capital by 20.8% in the second quarter. Renaissance Technologies LLC now owns 545,100 shares of the real estate investment trust’s stock worth $3,560,000 after acquiring an additional 93,900 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Dynex Capital by 77.1% in the second quarter. Bank of America Corp DE now owns 23,249 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 10,120 shares in the last quarter. Northern Trust Corp grew its stake in shares of Dynex Capital by 6.0% in the second quarter. Northern Trust Corp now owns 702,701 shares of the real estate investment trust’s stock worth $4,588,000 after acquiring an additional 39,700 shares in the last quarter. Finally, United Services Automobile Association grew its stake in shares of Dynex Capital by 64.7% in the second quarter. United Services Automobile Association now owns 243,336 shares of the real estate investment trust’s stock worth $1,589,000 after acquiring an additional 95,600 shares in the last quarter. Hedge funds and other institutional investors own 48.28% 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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