The stock of Dynex Capital Inc (NYSE:DX) is a huge mover today! The stock decreased 4.25% or $0.32 on October 3, hitting $7.1. Dynex Capital Inc (NYSE:DX) has risen 11.29% since March 1, 2016 and is uptrending. It has underperformed by 0.93% the S&P500.
The move comes after 5 months negative chart setup for the $346.61M company. It was reported on Oct, 4 by Barchart.com. We have $6.18 PT which if reached, will make NYSE:DX worth $45.06 million less.
Analysts await Dynex Capital Inc (NYSE:DX) to report earnings on October, 26.
Dynex Capital Inc (NYSE:DX) Ratings Coverage
Out of 5 analysts covering Dynex Capital (NYSE:DX), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Dynex Capital has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Maxim Group with “Buy” on Thursday, February 18. Ladenburg Thalmann downgraded the shares of DX in a report on Thursday, April 28 to “Neutral” rating. As per Tuesday, August 18, the company rating was downgraded by Zacks. Maxim Group maintained it with “Buy” rating and $8.75 target price in Monday, August 10 report.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.21, from 1.04 in 2016Q1. The ratio improved, as 10 funds sold all Dynex Capital Inc shares owned while 30 reduced positions. 19 funds bought stakes while 31 increased positions. They now own 21.04 million shares or 2.47% less from 21.57 million shares in 2016Q1.
Pnc Service Gru Incorporated, a Pennsylvania-based fund reported 47,235 shares. Los Angeles Capital Management Equity Rech Inc has 0% invested in the company for 64,526 shares. Analytic Ltd has 28,006 shares for 0% of their US portfolio. Stifel holds 0% of its portfolio in Dynex Capital Inc (NYSE:DX) for 15,465 shares. Synovus holds 0% or 13 shares in its portfolio. Moreover, Nationwide Fund has 0% invested in Dynex Capital Inc (NYSE:DX) for 31,006 shares. Lsv Asset Mgmt holds 0.02% of its portfolio in Dynex Capital Inc (NYSE:DX) for 1.42 million shares. Finemark National Bank & Trust & has invested 0% of its portfolio in Dynex Capital Inc (NYSE:DX). Us State Bank De, a Minnesota-based fund reported 167 shares. Amer And Mngmt last reported 0% of its portfolio in the stock. Blackrock, a New York-based fund reported 1,820 shares. Schwab Charles Invest holds 159,684 shares or 0% of its portfolio. Wellington Mgmt Llp holds 0% or 20,437 shares in its portfolio. Financial Bank Of America De owns 19,626 shares or 0% of their US portfolio. Deere holds 0.01% of its portfolio in Dynex Capital Inc (NYSE:DX) for 18,178 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 16 sales for $5.66 million net activity. $496,340 worth of shares were sold by AKIN THOMAS B on Tuesday, August 23. IGDALOFF BARRY had sold 8,911 shares worth $59,106 on Friday, May 27.
More notable recent Dynex Capital Inc (NYSE:DX) news were published by: Nasdaq.com which released: “Dynex Capital, Inc. (DX) Ex-Dividend Date Scheduled for October 03, 2016” on September 30, 2016, also Businesswire.com with their article: “Dynex Capital, Inc. to Present at the JMP Securities Financial Services and …” published on September 24, 2014, Businesswire.com published: “Dynex Capital, Inc. Announces Schedule for Second Quarter 2016 Results” on February 03, 2016. More interesting news about Dynex Capital Inc (NYSE:DX) were released by: Businesswire.com and their article: “Dynex Capital, Inc. Announces 2015 Dividend Tax Information” published on February 11, 2016 as well as Seekingalpha.com‘s news article titled: “Dynex Capital, Inc. (DX) CEO Byron Boston on Q2 2016 Results – Earnings Call …” with publication date: July 27, 2016.
DX Company Profile
Dynex Capital, Inc., incorporated on December 18, 1987, is an internally managed mortgage real estate investment trust (mortgage REIT), which invests in residential and commercial mortgage-backed 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. The Firm seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. The Firm invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consist of residential MBS (RMBS), commercial MBS (CMBS) and CMBS interest-only (IO) securities. Agency MBS have a guaranty of principal payment by an agency of the United States Government or a government-sponsored entity (GSE), such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The Company’s primary source of income is net interest income, which is the excess of the interest income earned on its investments over the cost of financing these investments. The Firm invests its capital pursuant to its Operating Policies, which include an Investment Policy and Investment Risk Policy.
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