Dynex Capital (NYSE:DX) Stock Price Expected to Rise, Jones Trading Analyst Says

Dynex Capital (NYSE:DX) had its price target hoisted by Jones Trading from $14.00 to $15.25 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jones Trading’s price objective points to a potential upside of 4.02% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Dynex Capital from $14.00 to $14.50 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. UBS Group set a $13.25 price objective on shares of Dynex Capital and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.33.

Dynex Capital Price Performance

Dynex Capital stock opened at $14.66 on Tuesday. The business has a 50 day simple moving average of $13.99 and a 200 day simple moving average of $13.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $2.15 billion, a PE ratio of 7.19 and a beta of 0.98. Dynex Capital has a one year low of $10.79 and a one year high of $14.93.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The company had revenue of $202.00 million for the quarter, compared to analyst estimates of $59.41 million. Dynex Capital had a return on equity of 7.72% and a net margin of 59.80%. On average, sell-side analysts forecast that Dynex Capital will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Dynex Capital by 21.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,513,849 shares of the real estate investment trust’s stock valued at $92,345,000 after buying an additional 1,318,236 shares during the period. Millennium Management LLC boosted its holdings in Dynex Capital by 79.8% in the third quarter. Millennium Management LLC now owns 2,235,018 shares of the real estate investment trust’s stock valued at $27,468,000 after acquiring an additional 992,269 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Dynex Capital by 184.2% in the third quarter. Balyasny Asset Management L.P. now owns 1,137,900 shares of the real estate investment trust’s stock worth $13,985,000 after purchasing an additional 737,561 shares during the period. EMG Holdings L.P. acquired a new stake in Dynex Capital in the third quarter worth about $8,550,000. Finally, Algebris UK Ltd. raised its holdings in Dynex Capital by 69.2% during the 3rd quarter. Algebris UK Ltd. now owns 1,669,288 shares of the real estate investment trust’s stock worth $20,500,000 after purchasing an additional 682,655 shares during the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.

Key Stories Impacting Dynex Capital

Here are the key news stories impacting Dynex Capital this week:

• Positive Sentiment: Analyst upgrade — Jones Trading raised its price target to $15.25 and maintained a Buy rating, providing a near-term upside thesis that likely supported buying interest. Benzinga: Jones Trading Price Target Raise
• Positive Sentiment: Q4 call highlights strong operating performance: the company and coverage note “record economic returns” and a strategic shift that management says supports growth — this underpins the bull case on improved 2025 earnings power. Q4 Earnings Call Highlights
• Positive Sentiment: Investor coverage and model updates argue 2025 earnings strength plus governance changes could materially improve the stock’s outlook, drawing tactical buyers. Does Dynex’s 2025 Earnings Strength and Governance Shift Change The Bull Case?
• Positive Sentiment: High-yield preferred share coverage: a 9% preferred yield story has attracted income-seeking demand and may lift sentiment around DX’s capital structure. 9% High Dividend Yield From Dynex Capital Preferred Share
• Neutral Sentiment: Valuation check: several pieces assess DX after recent momentum — some argue it still looks reasonably valued on NAV and yield, others caution limited upside without sustained earnings. These analyses may keep trading range-bound. Assessing Dynex Capital (DX) Valuation
• Neutral Sentiment: Q4 materials and transcript released — useful for modeling (presentation and full call transcript available), but they present mixed signals: strong revenue/economic returns vs. an EPS miss that complicates near-term optics. Q4 Results – Earnings Call Presentation
• Negative Sentiment: Dividend sustainability concerns — critical commentary argues DX’s “fat yield” may be misleading (drivers of yield and payout durability questioned), which likely pressured some holders and contributed to selling. Dynex Capital’s Fat Yield Still Doesn’t Make Sense

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.