Dynex Capital (NYSE:DX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

A number of other brokerages have also issued reports on DX. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $7.50 price target on shares of Dynex Capital in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.25 price target on shares of Dynex Capital in a research note on Friday, October 6th. Finally, BidaskClub upgraded shares of Dynex Capital from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.38.

Shares of Dynex Capital (DX) traded down $0.03 during trading hours on Tuesday, hitting $7.15. 364,338 shares of the stock were exchanged, compared to its average volume of 332,219. Dynex Capital has a 1-year low of $6.58 and a 1-year high of $7.41. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $381.05, a PE ratio of 9.81 and a beta of 0.81.

Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Dynex Capital had a net margin of 86.86% and a return on equity of 11.08%. The business had revenue of $13.21 million during the quarter, compared to analysts’ expectations of $15.36 million. During the same period in the prior year, the company earned $0.20 earnings per share. The business’s revenue was down 12.3% compared to the same quarter last year. equities research analysts forecast that Dynex Capital will post 0.72 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of DX. Bank of America Corp DE increased its stake in shares of Dynex Capital by 34.5% during 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 acquiring an additional 4,002 shares during the period. SG Americas Securities LLC acquired a new position in shares of Dynex Capital during the third quarter worth about $113,000. Advisor Group Inc. increased its stake in shares of Dynex Capital by 16.5% during the second quarter. Advisor Group Inc. now owns 17,633 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 2,500 shares during the period. Balyasny Asset Management LLC increased its stake in shares of Dynex Capital by 10.4% during the second quarter. Balyasny Asset Management LLC now owns 20,870 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,970 shares during the period. Finally, Girard Partners LTD. acquired a new position in shares of Dynex Capital during the second quarter worth about $160,000. Institutional investors and hedge funds own 44.70% of the company’s stock.

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Dynex Capital Company Profile

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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